198 Brown Place

Owner: Camber Property Group

Acquired: November 18, 2020, $29.5 million

Debt: November 18, 2020, $23.1 million

Built: 1900

Renovated: 1985

SF: 15,985

Dwelling units: 22

No. of buildings: 1

Class: Converted (D5)

Floors: 5

Transactions:

• Omni New York sold 198 BROWN PLACE, 202 BROWN PLACE, 500 EAST 137 STREET, 205 BROOK AVENUE, BROOK AVENUE, and others, Mott Haven, Bronx for $29.5 million to Camber Property Group on November 18, 2020.

• Camber Property Group borrowed $23.1 million from Merchants Capital for 198 BROWN PLACE, 202 BROWN PLACE, 500 EAST 137 STREET, 205 BROOK AVENUE, BROOK AVENUE, and others, Mott Haven, Bronx on November 18, 2020.

Development:

• Stuart Schwartz filed plans for alteration in Mott Haven, Bronx, on March 03, 2009.

Violations:

According to city public data, the properties have received 11 housing violations and $80 in OATH penalties in the last year.

Latest Stories:

• Camber Property pays $29.5M to Omni New York for Bronx portfolio (November 19, 2020)

• Camber Property gets acquisition loan of $23M from Merchants Capital for property in Mott Haven (November 19, 2020)