Rivercross cooperative on Roosevelt Island refis with $67M from NCB

The Rivercross cooperative apartment building through the entity River Cross Tenants Corp. as borrower signed a loan agreement with lender National Consumer Cooperative Bank valued at $67 million for 1 parcel, including the tax class cooperative (D4) and containing 365 residential units at 531 Main Street in Roosevelt Island. The deal closed on November 30, 2020 and was recorded on December 22, 2020.
The property contains a total of 700,000 square feet of built space.
The average loan per unit is $183,562.

Over the past five years, there have been 18 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 18 renovation/alteration projects (A2) applied for with a total estimated value of $2,632,300.

Direct link to Acris document. link