1030 Fifth Avenue Corporation obtained financing of $10M from Valley National Bank

1030 Fifth Avenue Corporation as borrower signed a loan agreement with lender Valley National Bank valued at $10.0 million for 1 parcel, including the tax class cooperative (D4) and containing 17 residential units at 1030 5 Avenue in Upper East Side. The deal closed on June 26, 2019 and was recorded on July 19, 2019.
The property contains a total of 86,666 square feet of built space.
The average loan per unit is $588,235.
The last time the property sold was September 18, 2017, for $17,000,000.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $2,922,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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