R.A. Cohen & Associates, Inc. obtained financing of $21M from Apple Bank For Savings

R.A. Cohen & Associates, Inc. through the entity 2041 Holland Associates, LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $21.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 172 residential units at 2041 Holland Avenue in Morris Park. The deal closed on August 06, 2019 and was recorded on August 15, 2019.
The property contains a total of 209,542 square feet of built space.
The average loan per unit is $122,093.
The last time the property sold was January 05, 2007, for $16,100,000.

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