Kenneth Rosenblum borrows $11M from JPMorgan Chase for multifamily property in Crown Heights

Kenneth Rosenblum through the entity Lana LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $11 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 65 residential units at 1552 President Street, 1581 President Street, 1575 President Street in Crown Heights. The deal closed on April 24, 2020 and was recorded on May 5, 2020.

The average loan per unit is $169,231.
The last time the property sold was June 18, 2014, for $13,180,000.

Those plans include a total of 26 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link