581 Argyle Road

Owner: Clement Saad

Acquired: April 19, 2022, $5 million

Debt: November 03, 2025, $14 million

Built: 0

Renovated: 2021

SF: 0

Dwelling units: 0

No. of buildings: 0

Class: Not Zoned Residential or Manhattan Below 110 St (V1)

Transactions:

• Clement Saad and Solly Araman borrowed $14 million from Cathay Bank for 1305 Newkirk Avenue, Flatbush, Brooklyn on November 03, 2025.

• Clement Saad borrowed $12.4 million from Popular Bank for 1305 Newkirk Avenue, Flatbush, Brooklyn on July 18, 2023.

• Marvin Beinhorn sold 1305 Newkirk Avenue, Flatbush, Brooklyn for $5 million to Joey Araman on April 19, 2022.

Development:

• Nikolaos Poubourids filed plans for alteration in Flatbush, Brooklyn, on April 08, 2024.

• Nikolaos Poubourids filed plans for alteration in Flatbush, Brooklyn, on November 13, 2023.

• Nikolaos Poubourids filed plans for alteration in Flatbush, Brooklyn, on October 11, 2023.

• Joseph Araman filed plans for A3 in Flatbush, Brooklyn, on May 05, 2023.

• Clem Saad filed plans for alteration in Flatbush, Brooklyn, on January 25, 2023.

Violations:

According to city public data, the properties have received two DOB violations in the last year.