Orit Markowitz obtained financing of $13M from Citi Real Estate Funding

Orit Markowitz through the entity Dol Realty LLC as borrower signed a loan agreement with lender Citi Real Estate Funding Inc. valued at $12.5 million for 1 parcel, including the tax class one-story store building (K1) at 1609 Avenue Y in Sheepshead Bay. The deal closed on August 06, 2019 and was recorded on August 21, 2019.
The property contains a total of 26,243 square feet of built space. The property has 9,213 square feet of available development rights.
The average loan per buildable square foot is $353.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 23, 2012.

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