RJ Capital Holdings borrows $7M from Republic Bank for commercial condos in East Williamsburg

Rudolf Abramov’s RJ Capital Holdings through the entity Manhattan Ave Development LLC as borrower signed a loan agreement with lender Republic Bank valued at $7.2 million for 2 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 12 residential units at 387 Manhattan Avenue in East Williamsburg. The deal closed on January 17, 2020 and was recorded on January 23, 2020.

The average loan per unit is $600,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link