Zelig Weiss borrows $20M for development in Bedford-Stuyvesant

Zelig Weiss through the entity Flushing & Little Nassau LLC as borrower signed a loan agreement with lender Be-Aviv 380 Flushing Lender LLC valued at $20 million for 2 parcels, including the tax class zoned primarily residential, except not Manhattan below 110th Street (V3) at 376 Flushing Avenue, 378 Flushing Avenue in Bedford-Stuyvesant. The deal closed on June 11, 2020 and was recorded on July 7, 2020.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 115,913 square feet. Those plans include a total of 86 residential units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link