Chaim Rosenwasser signs $12.5M refi loan agreement with Spencer Savings for rental in Flatbush

Chaim Rosenwasser and Yaakov Geldzahler through the entity 744 East 21 Realty LLC as borrower signed a refi loan agreement with lender Spencer Savings Bank valued at $12.5 million for the 29-unit rental (D3) at 744 East 21st Street in Flatbush, Brooklyn.
The deal closed on March 23, 2021 and was recorded on April 26, 2021.
The property has 19,923 square feet of built space and 100 square feet of additional air rights for a total buildable of 20,000 square feet according to PincusCo analysis of city data. The loan price per built square foot is $626 and the price per buildable square foot is $624 per the PincusCo analysis.
The owner bought the property on 20-Mar-19, for $2.5 million.

(321764131) Plans for a 29-unit, 19982.0 square-foot R-2 were filed on June 13, 2018.
The owner according to the Department of Housing Preservation and Development is Yaakov Geldzahler, head officer. The business entity is 744 East 21 Realty Llc.