Reuven Salman borrows $6M from Investors Bank for property in Crown Heights

Reuven Salman through the entity Maor Jewelry, Inc. as borrower signed a loan agreement with lender Investors Bank valued at $6.0 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 1128 Eastern Parkway in Crown Heights. The deal closed on September 26, 2019 and was recorded on October 8, 2019.
The property contains a total of 12,596 square feet of built space.
The average loan per buildable square foot is $476.
The last time the property sold was July 18, 2001, for $1,000,373.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $850,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $405,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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