Peter Revenwurzel refis $19M with Signature Bank for property in Flatbush

Peter Revenwurzel through the entity Argyle – Westminster LLC as borrower signed a loan agreement with lender Signature Bank valued at $19.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 116 residential units at 646 Argyle Road in Flatbush. The deal closed on February 11, 2021 and was recorded on February 23, 2021.
The property contains a total of 102,387 square feet of built space. The property has 102,387 square feet of available development rights.
The average loan per unit is $163,793.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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