Yechiel Weinberger borrows $11M from Santander Bank for rental in Flatbush

Yechiel Weinberger through the entity Parkside530 LLC as borrower signed a loan agreement with lender Santander Bank N.A. valued at $10.8 million for 1 parcel, including the tax class D1 and containing 83 residential units at 530 Parkside Avenue in Flatbush. The deal closed on October 29, 2019 and was recorded on October 31, 2019.
The property contains a total of 69,086 square feet of built space.
The average loan per unit is $130,578.
The last time the property sold was November 3, 2014, for $15,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $44,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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