1075 Nelson LLC obtained financing of $6M from Arbor Agency Lending

1075 Nelson LLC as borrower signed a loan agreement with lender Arbor Agency Lending, LLC valued at $6.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 37 residential units at 1075 Nelson Avenue in Highbridge. The deal closed on June 28, 2019 and was recorded on July 25, 2019.
The property contains a total of 36,900 square feet of built space.
The average loan per unit is $162,162.
The last time the property sold was June 26, 2017, for $6,155,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $324,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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