Joseph and Raymond Roubeni’s Astral Weeks borrows $11M from Starwood for new rental in Flatbush

Joseph and Raymond Roubeni’s Astral Weeks through the entity Clarkson B Partners LLC as borrower signed a loan agreement with lender Starwood Mortgage Capital LLC valued at $10.6 million for the new, 29-unit rental building at 195 Clarkson Avenue in Flatbush. The deal closed on October 15, 2019 and was recorded on October 23, 2019.
The property contains a total of 25,431 square feet of built space.
The average loan per unit is $365,517.
The last time the property sold was June 16, 2015, for $1,125,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 29 residential (or hotel) units on June 11, 2019.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $25,000.There has been one new building permit application totaling 19,937 square feet. Those plans include a total of 29 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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