Robert Rosenberg borrows $14M from Capital One to refi multifamily property in Mott Haven

Robert Rosenberg through the entity 480 Concord Ave Owner LLC as borrower signed a loan agreement with lender Capital One valued at $14 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 65 residential units at 480 Concord Avenue in Mott Haven. The deal closed on March 31, 2020 and was recorded on April 6, 2020.
The property contains a total of 69,102 square feet of built space.
The average loan per unit is $215,046.
Capital One assigned the debt to Fannie Mae. The last time the property sold was May 26, 2010, for $4,150,600.

Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $1,091,625.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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