Dime Community Bank Provides $7.1M Loan For Multifamily Property In Bayridge, Brooklyn

The multifamily property located at 537-548 Ovington Ave. in Bayridge, Brooklyn has been involved in a closed transaction. The property spans over 46,200 square feet and consists of 63 units. The loan amount for this transaction was $7,121,000 with a 5-year fixed term. The lender in this deal was Dime Community Bank, represented by Charlie Terrasi. The landlord, Dean Street Associates, was represented by Mike Niamonitakis. The broker involved in the transaction was Scott Assouline from @Meridian.Capital.Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,121,000
• Address: 537-548 Ovington Ave., Bayridge, Brooklyn
• Market: Bayridge, Brooklyn
• Lender: Dime Community Bank - Charlie Terrasi
• Landlord: Dean Street Associates - Mike Niamonitakis
• Broker: Scott Assouline - @Meridian.Capital.Group
• Square Footage: 46,200
• Units: 63

Charlie Terrasi from Dime Community Bank provided the loan for this transaction. Mike Niamonitakis represented the landlord, Dean Street Associates. The broker Scott Assouline, from @Meridian.Capital.Group, facilitated the deal. The transaction involved a multifamily property with a loan amount of $7,121,000, covering an area of 46,200 square feet and encompassing 63 units.