RJ Capital Holdings borrows $23M from TD Bank for property in Flatbush

RJ Capital Holdings through the entity Church Ave Development LLC as borrower signed a loan agreement with lender TD Bank valued at $22.7 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 2242 Church Avenue in Flatbush. The deal closed on August 28, 2019 and was recorded on September 19, 2019.

The last time the property sold was March 24, 2015, for $6,150,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on May 15, 2015.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $704,730.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link