Mordechai Nagel obtained financing of $6M from Peapack Gladstone Bank

Mordechai Nagel through the entity 1280 Dean Street LLC as borrower signed a loan agreement with lender Peapack Gladstone Bank valued at $5.6 million for 1 parcel, including the tax class multifamily, miscellaneous (D9) and containing 32 residential units at 1280 Dean Street in Crown Heights. The deal closed on August 28, 2019 and was recorded on September 06, 2019.
The property contains a total of 35,100 square feet of built space.
The average loan per unit is $175,938.
The last time the property sold was October 12, 2010, for $3,550,000.

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