Jacob Leifer signs $14M refi loan with Arbor Realty Trust for rental in East Flatbush

Jacob Leifer through the entity 1617 Brooklyn Avenue LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Private Label, LLC valued at $14 million for the 35-unit rental (D7) at 1617 Brooklyn Avenue in East Flatbush, Brooklyn.
The deal closed on July 21, 2021 and was recorded on August 5, 2021.
The property has 33,368 square feet of built space and 0 square feet of additional air rights for a total buildable of 19,440 square feet according to PincusCo analysis of city data. The loan price per built square foot is $419 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 30-Apr-18, for $1.3 million.
The signatory for Jacob Leifer was Jacob Y. Leifer.
(321847748)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 35 residential units on January 22, 2021. (321847748) Plans for a 35-unit, 24,704 square-foot R-2 were filed on October 24, 2018 and were permitted on November 6, 2019.
The owners according to the Department of Housing Preservation and Development includes Jacob Leifer, head officer and Ari Silberstein, agent. The business entity is 1617 Brooklyn Avenue Llc.

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