Nicholas Thomopoulos borrows $12M from Alma Bank for multifamily property in Prospect Lefferts Gdns

Nicholas Thomopoulos through the entity 393 Lefferts Avenue LLC as borrower signed a loan agreement with lender Alma Bank valued at $12.3 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 50 residential units at 393 Lefferts Avenue in Prospect Lefferts Gardens. The deal closed on June 16, 2020 and was recorded on June 24, 2020.
The property contains a total of 61,108 square feet of built space.
The average loan per unit is $245,000.
The financing includes a gap note of $1.5 million. The last time the property sold was January 19, 2012, for $4,650,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 50 residential units on December 14, 2015.

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