Robert Rosenberg borrows $20M from Signature Bank to refi multifamily property in Crown Heights

Robert Rosenberg through the entity St. Johns I Associates L.P. as borrower signed a loan agreement with lender Signature Bank valued at $20 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 190 residential units at 1280 St Johns Place, 1550 Sterling Place, 1539 Sterling Place in Crown Heights. The deal closed on June 10, 2020 and was recorded on July 6, 2020.
The property contains a total of 63,012 square feet of built space.
The average loan per unit is $105,347.
The debt was reduced from $22 million.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link