Morris Schreiber borrows $6M from New York Community Bank for property in Flushing

Morris Schreiber through the entity Sanford LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.8 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 73 residential units at 133-01 Frame Place in Flushing. The deal closed on September 24, 2019 and was recorded on September 26, 2019.
The property contains a total of 74,014 square feet of built space.
The average loan per unit is $80,000.

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

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