Tina Giorgi borrows $9M from Lancewood Capital, LLC for property in Crown Heights

Tina Giorgi through the entity Parkway Heights, LLC as borrower signed a loan agreement with lender Lancewood Capital, LLC valued at $9.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 72 residential units at 410 Eastern Parkway in Crown Heights. The deal closed on April 30, 2019 and was recorded on October 16, 2019.
The property contains a total of 58,200 square feet of built space.
The average loan per unit is $125,000.
The last time the property sold was April 10, 2014, for $15,350,000.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $449,850.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link