NorthEnd Equities borrows $8M from New York Community Bank for office property in Kensington

NorthEnd Equities through the entity 4801-4813 Holdings LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.4 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 4809 13th Avenue in Kensington. The deal closed on May 13, 2020 and was recorded on May 14, 2020.
The property contains a total of 28,800 square feet of built space.
The average loan per buildable square foot is $292.
The principal of NorthEnd Equities is Charles Herzka. The last time the property sold was January 14, 2013, for $7,500,000.

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