State Renaissance Townhomes Ii Corp. obtained financing of $5M from Popular Bank

State Renaissance Townhomes II Corp. as borrower signed a loan agreement with lender Popular Bank valued at $5.1 million for 3 parcels, including the tax class two-family, brick (B1) and containing 5 residential units at 345 State Street, 347 State Street, 347A State Street in Brooklyn Heights. The deal closed on June 14, 2019 and was recorded on August 21, 2019.
The property contains a total of 3,800 square feet of built space.
The average loan per buildable square foot is $448.
The last time the property sold was June 14, 2019, for $4,100,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 2 residential (or hotel) units on June 30, 2015.

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