Uri Dreifus obtained financing of $6M from Amalgamated Bank

Uri Dreifus through the entity 1192-1194 Ocean Ave LLC as borrower signed a loan agreement with lender Amalgamated Bank valued at $6.2 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 59 residential units at 1204 Ocean Avenue in Flatbush. The deal closed on July 30, 2019 and was recorded on August 12, 2019.
The property contains a total of 76,800 square feet of built space. The property has 19,200 square feet of available development rights.
The average loan per unit is $105,085.
The last time the property sold was September 08, 2015, for $9,700,000.

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

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