1101 Holding LLC obtained financing of $5M from Popular Bank

July 31, 2019 1:54 pm

1101 Holding LLC as borrower signed a loan agreement with lender Popular Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 58 residential units at 1101 Manor Avenue in Soundview. The deal closed on July 09, 2019 and was recorded on July 30, 2019.
The property contains a total of 54,000 square feet of built space.
The average loan per unit is $89,655.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $195,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $108,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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