Stagg Group borrows $6M from Berkeley Point Capital for multifamily property in Williamsbridge

Stagg Group through the entity 715 East 214 Street Associates, LLC as borrower signed a loan agreement with lender Berkeley Point Capital LLC valued at $5.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 37 residential units at 715 East 214th Street in Williamsbridge, the Bronx. The deal closed on May 29, 2020 and was recorded on June 12, 2020.
The property contains a total of 24,302 square feet of built space. The property has 24,990 square feet of available development rights.
The average loan per unit is $160,000.

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