Scarano-designed Brooklyn rental to be auctioned with $21M lien
Bed-Stuy site was purchased in 2004 for $3.5M
A 49,000-square-foot residential rental building in Bedford-Stuyvesant is set to hit the foreclosure auction block today with an outstanding lien of $21 million, according to data from PropertyShark.com.
The property at 145-159 Classon Avenue, which borders on the Brooklyn Navy Yards, will be auctioned off today following the issuance of a final judgment of foreclosure against the property and its developers in October. The auction will take place this afternoon at The Supreme Court of the State of New York at 360 Adams Street in Brooklyn.
Construction was completed on the five-story, 17-unit building in 2005. The owner, an investment group which includes Mark Junger and Moses Rosner, bought the site for just $3.5 million in 2004, records show.
The project’s lender, the Community Preservation Corporation, first filed to foreclose on the property in December 2010, records show, when the loan had an outstanding balance of just $13 million. The outstanding balance now amounts to $21.16 million, according to its notice of sale, plus additional interest and costs.
The project was designed by the Brooklyn architect Robert Scarano, who was blacklisted by the Department of Buildings in 2011 for allegedly knowingly providing the agency with misleading information on documents relating to the Brooklyn buildings at 145 Snediker Avenue, 158 Freeman Street and 1037 Manhattan Avenue. The decision by the building’s department prevents Scarano from filing any documents with the city, including permit applications and construction plans, The Real Deal previously reported.
Neither Junger nor Rosner were immediately reachable for comment. Phone numbers listed in city records for the investors were no longer correct.