Ocean Realty 2055, LLC obtained financing of $7M from Amalgamated Bank

Ocean Realty 2055, LLC as borrower signed a loan agreement with lender Amalgamated Bank valued at $6.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 54 residential units at 2055 Ocean Avenue in Midwood. The deal closed on August 14, 2019 and was recorded on August 21, 2019.
The property contains a total of 55,200 square feet of built space.
The average loan per unit is $127,778.
The last time the property sold was July 01, 2010, for $6,175,000.

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

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