Wolf Sicherman borrows $9M from New York Community Bank for multifamily property in Flatbush

Wolf Sicherman through the entity S & W Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 78 residential units at 2116 Ditmas Avenue in Flatbush. The deal closed on May 5, 2020 and was recorded on May 7, 2020.
The property contains a total of 69,000 square feet of built space. The property has 76,873 square feet of available development rights.
The average loan per unit is $115,385.

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