2514 Albemarle Road

Owner: Lineage Properties

Acquired: December 11, 2020, $12.7 million

Debt: December 30, 2021, $9.8 million

Built: 2013

Renovated: 2013

SF: 39,628

Dwelling units: 43

No. of buildings: 1

Class: Homes for Indigent Children, Aged, Homeless (N2)

Floors: 6

Transactions:

• Lineage Properties borrowed $9.8 million from Signature Bank for 2514 Albemarle Road, Flatbush, Brooklyn on December 30, 2021.

• E&M Associates sold 2514 Albemarle Road, Flatbush, Brooklyn for $12.7 million to FBE Limited on December 11, 2020.

• FBE Limited borrowed $7.9 million from Signature Bank for 2514 Albemarle Road, Flatbush, Brooklyn on December 11, 2020.

• E&M Associates sold 2514 Albemarle Road, Flatbush, Brooklyn for $0 to 2514 Albermarle Holdings LLC on October 20, 2020.

Development:

• Marcal Group filed plans for new building for 33,530 sqft in Flatbush, Brooklyn, on July 11, 2012.

• Abe Caller filed plans for alteration in Flatbush, Brooklyn, on July 12, 2012.

• Aharon Steinberg filed plans for alteration in Flatbush, Brooklyn, on February 24, 2014.

• Grace Forbes filed plans for major alteration in Flatbush, Brooklyn, on July 16, 2004.

• Abe Caller filed plans for A3 in Flatbush, Brooklyn, on July 09, 2013.

Violations:

According to city public data, the properties have received $2,500 in ECB penalties and $3,375 in OATH penalties in the last year.