Jacob Tambor signs $21M refi loan with Webster Bank for 50-unit rental in Midwood

Jacob Tambor through the entity 1537 East 19th Street, LLC as borrower signed a refi loan with lender Webster Bank valued at $21 million for the 50-unit residential elevator building (D7) at 1543 East 19th Street in Midwood, Brooklyn.
The deal closed on January 12, 2026 and was recorded on January 20, 2026. The prior lender was TD Bank which held debt that had an original loan amount of $21.6 million.The property has 67,810 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $309 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 June 28, 2016, for $14.4 million. The signatory for Jacob Tambor and Princeton Investments was Jacob Tambor. The signatory for Webster Bank was Jonathan Whitehouse. The London-based Princeton Investments lists this as an asset, but they did not immediately respond with a request for comment.

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Jonathan Tambor, head officer and Menachem Lowenstein, agent. The business entities are Barclay Partners and 1537 East 19th St, Llc. The 67,810-square-foot property generated revenue of $2.1 million or $31 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 50 residential units in Midwood has 67,810 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 30 feet and is 100 feet deep with a total lot size of 11,750 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The property has a 421A exemption that started in 2019 and expires in 2055. The city-designated market value for the property in 2022 is $11.9 million. The property has 20 rent regulated units according to city tax records from 2024.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,900 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on November 17, 2018. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of five of the 15 commercial properties representing 253,104 square feet of the 628,284 square feet. The largest owner is Edward E. Klein, followed by Wm Realty Management and then Yusuf Bildirici.
There are no active new building construction projects on this tax block.

The majority, or 84 percent of the 628,284 square feet of built space are elevator buildings, with walkup buildings next occupying 9 percent of the space.

The borrower

The PincusCo database currently indicates that Jacob Tambor owned at least two commercial properties with 47 residential units in New York City with 41,368 square feet and a city-determined market value of $7.1 million. (Market value is typically about 50% of actual value.) The portfolio has $14.5 million in debt, borrowed from Arbor Realty Trust. Within the portfolio, all identified are elevator properties. They are all located in Brooklyn.

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