Pinnacle Group borrows $5M from New York Community Bank for property in Flatbush

Pinnacle Group through the entity 115 East 21 Realty Co., LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 59 residential units at 115 East 21st Street in Flatbush. The deal closed on September 26, 2019 and was recorded on October 15, 2019.
The property contains a total of 78,984 square feet of built space.
The average loan per unit is $87,458.

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

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