Eric Sternberg's 706 Ocean Views LLC Refinances 24-Unit Gem In Kensington For $6.6M | 706 Ocean Parkway | Provident Bank | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

Located in Kensington, Brooklyn, the property at 706 Ocean Parkway is a 24-unit residential gem. Eric Sternberg's 706 Ocean Views LLC recently secured a $6.6 million refinancing deal with Provident Bank for this multifamily asset.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $6,600,000
Units: 24
Lender: Karl Seus - Provident Bank
Landlord: Eric Sternberg
Loan Type: Refinance

Eric Sternberg, the landlord of the property, successfully closed the deal with Provident Bank on April 1, 2024, marking the completion of the $6.6 million refinancing agreement for the 24-unit residential building in Brooklyn's Kensington.

Players

All
1

Lenders
1

Provident Bank

Details

Deal Summary

FINANCED

IMAGE: 03/04/2024 ADDRESS: 706 Ocean Parkway MARKET: Kensington, Brooklyn ASSET TYPE: MultiFamily ~ UNITS: 24 LENDER: Karl Seus - Provident Bank (@ProvidentBank) LANDLORD: Eric Sternberg LOAN AMOUNT: $6,600,000 LOAN TYPE: Refinance NOTE: Eric Sternberg's 706 Ocean Views LLC seals a $6.6 million refi deal with Provident Bank for a swanky 24-unit residential gem in Brooklyn's Kensington, closing the transaction on March 4, 2024, and officially sealing the deal on April 1, 2024.

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Address706 Ocean Parkway

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