Samuel Rosenbaum borrows $12.9M from Arbor Realty Trust for 103-unit portfolio

Samuel Rosenbaum through the entity Git Leb, LLC as borrower signed a loan agreement with lender Arbor Realty Trust’s Arbor Commercial Funding I, LLC valued at $12.9 million for 4 parcels, including the tax class multifamily, over six families without stores (C1) and containing 103 residential units at 2742 Pitkin Avenue, 964 Belmont Avenue, 2772 Pitkin Avenue, 2776 Pitkin Avenue in East New York. The deal closed on November 24, 2020 and was recorded on December 14, 2020.
The property has 90,838 square feet of built space and available development rights.
The average loan per unit is $125,485.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link