Stephen Schor borrows $10.2M from New York Community for property in Flatbush

Stephen Schor through the entity 700 Bklyn Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $10.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 66 residential units at 700 Ocean Avenue in Flatbush. The deal closed on March 24, 2021 and was recorded on April 16, 2021.
The property contains a total of 81,312 square feet of built space.
The average loan per unit is $154,018.
The last time the property sold was March 3, 2015 for $18,000,000.
Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $126,700.0. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $400,343.

Direct link to Acris document. link