Joseph Franco refis $17M from Apple Bank for 143 units in the Upper West Side

Joseph Franco through the entity Daj LLC as borrower (and others) signed a loan agreement with lender Apple Bank For Savings valued at $17 million for 8 parcels, including the tax class multifamily, over six families without stores (C1) and containing 143 residential units at 215 West 108th Street, 2 Manhattan Avenue, 302 Columbus Avenue, 112 West 86th Street, 210 West 109th Street, and others in the Upper West Side. The deal closed on December 23, 2020 and was recorded on February 16, 2021.
The property has 128,263 square feet of built space and available development rights.
The average loan per unit is $118,881.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $136,000.

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