WESTERN CLARKSON ESTATES 305, LLC obtained financing of $6M from POPULAR BANK

WESTERN CLARKSON ESTATES 305, LLC as borrower signed a loan agreement with lender POPULAR BANK valued at $6.1 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 11 residential units at 305 Clarkson Avenue, 309 Clarkson Avenue, 311 Clarkson Avenue in Flatbush. The deal closed on June 28, 2019 and was recorded on July 18, 2019.
The property contains a total of 12,030 square feet of built space. The property has 150 square feet of available development rights.
The average loan per unit is $550,000.
The last time the property sold was April 09, 2013, for $1,500,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $75,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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