Juda Rosenfeld borrows $16M from Arbor Realty Trust for property in East Williamsburg

Juda Rosenfeld through the entity JR 180 Scholes LLC as borrower signed a loan agreement with lender Arbor Realty Trust through the entity Arbor Commercial Funding I, LLC valued at $16 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 34 residential units at 180 Scholes Street in East Williamsburg. The deal closed on October 1, 2020 and was recorded on November 23, 2020.
The property contains a total of 52,500 square feet of built space.
The average loan per unit is $470,588.
The last time the property sold was September 30, 2013 for $18,500,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 34 residential (or hotel) units on August 21, 2012.

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