Chaim Wurzberger signs $17.4M refi with Investors Bank for rental in East Flatbush

Chaim Wurzberger through the entity 1351 Brooklyn Avenue LLC as borrower signed a refi loan with lender Investors Bank valued at $17.4 million for the 40-unit rental (D1) at 1351 Brooklyn Avenue in East Flatbush, Brooklyn.
The deal closed on October 21, 2021 and was recorded on October 28, 2021.
The property has 27,920 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $623 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on May 20, 2019, for $1.9 million.
The signatory for Chaim Wurzberger was Chaim Wurzberger.
(321910394) Plans for a 44-unit, 30,478 square-foot R-2 were filed on March 25, 2019 and were permitted on May 5, 2020.
The owners according to the Department of Housing Preservation and Development includes Chaim Wurzberger, head officer and Shea Breuer, agent. The business entity is 1351 Brooklyn Avenue Llc.

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