Chaim Wurzberger borrows $8M from TD Bank to refi new multifamily property in Flatbush

Chaim Wurzberger through the entity 2250 Clar LLC as borrower signed a loan agreement with lender TD Bank valued at $8 million for 1 parcel containing 22 residential units at 2250 Clarendon Road in Flatbush. The deal closed on March 27, 2020 and was recorded on April 2, 2020.
The property contains a total of 20,570 square feet of built space.
The average loan per unit is $363,636.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 22 residential (or hotel) units on January 22, 2020.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $844,589. There was one renovation/alteration project (A2) applied for with a total estimated value of $37,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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