Robert Rosenberg borrows $50M from Capital One for property in Crown Heights

Robert Rosenberg through the entity St. Johns I Associates L.P. as borrower signed a loan agreement with lender Capital One valued at $50 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 190 residential units at 1280 St Johns Place, 1550 Sterling Place, 1539 Sterling Place in Crown Heights. The deal closed on August 14, 2020 and was recorded on August 19, 2020.

The average loan per unit is $263,158.
The financing includes $29.98 million in new debt.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link