Rimon Gabby borrows $7.6M from BankUnited for warehouse in East Williamsburg

Rimon Gabby through the entity KG 2 Realty ,LLC as borrower signed a loan agreement with lender BankUnited valued at $7.6 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 340 Morgan Avenue in East Williamsburg. The deal closed on December 30, 2020 and was recorded on February 5, 2021.
The property contains a total of 89,500 square feet of built space.
The average loan per buildable square foot is $85.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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