Royal Business Bank pays $3.5M for property in Bensonhurst

Royal Business Bank through the entity Royal Business Bank paid Yousef Althkefati’s 2057 86 St. Realty LLC $3.5 million for 2057 86th Street in Bensonhurst. The deal closed on October 1, 2020, and was recorded on October 20, 2020. The transaction consists of 1 parcel, including the tax class primarily two family with store or office (S2) and containing 2 residential units. The property is 3,800 square feet. The parcel(s) have total development potential of 4,860 square feet.
The average sale price per square foot is $720.

Royal Business Bank is based in California.  The contract date was July 23, 2020. The last time the property sold was June 30, 2014, for $1,767,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was David R. Morris