Main Street Registry

1963 Flatbush Realty LLC

Brooklyn, NY · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

1963 Flatbush Realty LLC is a business in Brooklyn, New York, in the supermarkets and other grocery retailers industry (NAICS 445110). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,972,000, approved on May 23, 2024, through JPMorgan Chase Bank, National Association and the Empire State Certified Development Corporation.

SBA 504 loan, approved May 23, 2024

$1,972,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,972,000
Bank portion
$2,400,000
Estimated project size
$4,857,778 (estimated)
Estimated owner equity
$485,778 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 23, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-8
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 57% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
  • Average expansion loan in New York: $2,225,161.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York