Josh Grunzweig’s JG Funding has contracted to buy a newly completed six-unit building at 622 Myrtle Avenue in Bedford Stuyvesant, Brooklyn from Joel Schwartz’s Myrtle Flats LLC for an undisclosed amount. The deal is set to close on July 20, 2024. The property, with 9,433 square feet of built space, received its certificate of occupancy on April 8, 2024. Schwartz and Shaindy Schwartz filed a condominium plan in 2021, aiming for a $9.3 million sellout. The property was bought for $2.6 million in 2016, and the most recent loan was $6.8 million from IceCap Group in 2023.
622 Myrtle Avenue
