Abraham Posner borrows $9M from TD Bank for property in Flatbush

Abraham Posner through the entity Rogers Tower LLC as borrower signed a loan agreement with lender TD Bank valued at $9.3 million for 1 parcel, including the tax class one-story, fireproof or semi-fireproof, garage (G2) at 980 Rogers Avenue in Flatbush. The deal closed on September 26, 2019 and was recorded on October 16, 2019.

The last time the property sold was September 12, 2018, for $3,525,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 25 residential (or hotel) units on October 11, 2019.
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 has been one new building permit application totaling 17,944 square feet. Those plans include a total of 25 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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