166172 LLC obtained financing of $6M from Bethpage Federal Credit Union

166172 LLC as borrower signed a loan agreement with lender Bethpage Federal Credit Union valued at $6.0 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 66 residential units at 170 East 118 Street, 166 East 118 Street in East Harlem. The deal closed on August 19, 2019 and was recorded on August 27, 2019.
The property contains a total of 22,070 square feet of built space.
The average loan per unit is $90,909.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $182,770.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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