NYCB Provides $1.69M Acquisition Loan For Multifamily Property In East New York, Brooklyn

Located at 240 New Jersey Ave in East New York, Brooklyn, this multi-family property is a noteworthy asset in the real estate market. With a square footage of 11,712, the property consists of 16 units, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,691,000
• Lender: NYCB
• Landlord: Garib Family
• Brokers: William Watkins & Zachary Fuchs - GFI Realty

Notably, the acquisition of this property was made possible through a loan provided by NYCB. The Garib Family serves as the landlord, overseeing the management and operation of the property. Representing the parties involved in this deal are William Watkins and Zachary Fuchs of GFI Realty.