1578 Williamsbridge Road LLC obtained financing of $6M from New York Community Bank

1578 Williamsbridge Road LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.6 million for 2 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 1574 Williamsbridge Road, 1578 Williamsbridge Road in Morris Park. The deal closed on July 18, 2019 and was recorded on August 01, 2019.
The property contains a total of 25,723 square feet of built space. The property has 2,611 square feet of available development rights.
The average loan per buildable square foot is $218.
The last time the property sold was April 30, 2004, for $5,300,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link