305 Decatur Street

Owner: Arker Companies

Acquired: November 24, 2020, $18.5 million

Debt: November 24, 2020, $16.2 million

Built: 1893

Renovated: 1982

SF: 29,362

Dwelling units: 32

No. of buildings: 1

Class: Over Six Families Without Stores (C1)

Floors: 5

Transactions:

• Phoenix Realty Group sold 305 Decatur Street, 39 Kingston Avenue, 37 Kingston Avenue, 24 Mac Donough Street, 30 Mac Donough Street, and others, Bedford-Stuyvesant, Brooklyn for $18.5 million to Arker Companies on November 24, 2020.

• Arker Companies borrowed $16.2 million from NYC Housing Development Corporation for 305 Decatur Street, 39 Kingston Avenue, 37 Kingston Avenue, 15 Albany Avenue, 7 Albany Avenue, and others, Bedford-Stuyvesant, Brooklyn on November 24, 2020.

Development:

• Ron Orgel filed plans for alteration in Bedford Stuyvesant, Brooklyn, on February 03, 2009.

• Eugene Mcardle filed plans for alteration in Bedford Stuyvesant, Brooklyn, on June 27, 2005.

• Sukhjinder Singh filed plans for A3 in Bedford Stuyvesant, Brooklyn, on March 20, 2008.

• Rajinder Kaur filed plans for A3 in Bedford Stuyvesant, Brooklyn, on February 11, 2008.

• Wayne Thomas filed plans for alteration in Bedford Stuyvesant, Brooklyn, on September 10, 2001.

Violations:

According to city public data, the properties have received two DOB violations, 19 housing violations, and one housing litigation in the last year.