Michael Tirotta borrows $6M from New York Community Bank for multifamily property in University Heights

Michael Tirotta through the entity 1955 Sedgwick Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.4 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 37 residential units at 1955 Sedgwick Avenue in University Heights. The deal closed on May 22, 2020 and was recorded on July 20, 2020.
The property contains a total of 40,670 square feet of built space.
The average loan per unit is $173,459.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link