Clarkson Lefferts Gardens LLC obtained financing of $7M from S3 RE Funding III

Clarkson Lefferts Gardens LLC as borrower signed a loan agreement with lender S3 Re Funding Iii LLC valued at $7.4 million for 5 parcels, including the tax class three-family (C0) and containing 11 residential units at 152 Clarkson Avenue, 154 Clarkson Avenue, 156 Clarkson Avenue, 158 Clarkson Avenue, 160 Clarkson Avenue in Flatbush. The deal closed on July 22, 2019 and was recorded on August 13, 2019.
The property contains a total of 68,756 square feet of built space. The property has 54,760 square feet of available development rights.

The average loan per unit is $668,182.

The last time the property sold was May 29, 2019, for $2,100,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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