Putnam-Evergreen, LLC obtained financing of $9M from Capital One

Putnam-Evergreen, LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $8.5 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 45 residential units at 1182 Putnam Avenue, 564 Evergreen Avenue, 617 Flatbush Avenue in Bushwick. The deal closed on July 10, 2019 and was recorded on August 01, 2019.
The property contains a total of 36,965 square feet of built space. The property has 3,152 square feet of available development rights.
The average loan per unit is $188,889.
The last time the property sold was May 24, 2012, for $3,300,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $54,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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