Rey Grabato II borrows $5M from LendingOne for property in Cobble Hill

Rey Grabato II through the entity Sackett Street Capital 279, LLC as borrower signed a loan agreement with lender Lendingone, LLC valued at $5.1 million for 1 parcel, including the tax class three-family (C0) at 279 Sackett Street in Cobble Hill. The deal closed on February 27, 2020 and was recorded on March 26, 2020.

The last time the property sold was June 29, 2017, for $3,900,000.

Over the past five years, there have been 2 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 $737,974. There was one renovation/alteration project (A2) applied for with a total estimated value of $46,120.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link