Salomon and Alberto Smeke’s Salt Equities borrows $25M from Ready Capital for multifamily property in Greenpoint

Salomon and Alberto Smeke’s Salt Equities through the entity 105-115 Greenpoint Owner LLC as borrower signed a loan agreement with lender Ready Capital through the entity Readycap Commercial, LLC valued at $24.6 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 52 residential units at 115 Greenpoint Avenue, 111 Greenpoint Avenue, 107 Greenpoint Avenue in Greenpoint. The deal closed on December 19, 2019 and was recorded on December 30, 2019.

The average loan per unit is $400,481.
The last time the property sold was September 16, 2014, for $23,750,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $1,841,301.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link