Moshe Halberstam borrows $16.1M from New York Community for 181-unit rental in East Flatbush

Moshe Halberstam through the entity 4200 Avenue K Equities LLC as borrower signed a loan agreement with lender New York Community Bank valued at $16.1 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 181 residential units at 4211 Avenue K and 4200 Avenue K in East Flatbush. The deal closed on September 22, 2020 and was recorded on October 5, 2020.

The average loan per unit is $89,044.

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