Blumenfeld Development refi with $81.8M from AIG, NYC for property in East Harlem

Blumenfeld Development Group through the entity BDG Gotham Residential, LLC as borrower signed a loan agreement with lender AIG and New York State Housing Finance Agency valued at $81.8 million for 4 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 233 residential units at 159 East 125th Street, 159 East 125th Street, 159 East 125th Street, 159 East 125th Street in East Harlem. The deal closed on April 13, 2020 and was recorded on October 8, 2020.

The average loan per unit is $317,597.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Michelle Campion