Shulem Herman obtained financing of $13M from CAPITAL ONE

Shulem Herman through the entity SSHERMA LLC as borrower signed a loan agreement with lender CAPITAL ONE, NATIONAL ASSOCIATION valued at $12.6 million for 5 parcels, including the tax class multifamily, over six families without stores (C1) and containing 34 residential units at 1317 Union Street, 205 Central Avenue, 250 Stockholm Street, 771 St John’S Place, 459 Bushwick Avenue in Crown Heights. The deal closed on June 28, 2019 and was recorded on July 15, 2019.
The property contains a total of 37,372 square feet of built space. The property has 4,043 square feet of available development rights.
The average loan per unit is $370,588.
The last time the property sold was February 06, 2013, for $1,035,000.

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

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