206W41 Llc obtained financing of $5M from Bsprt Cre Finance, Llc

206W41 Llc as borrower signed a loan agreement with lender Bsprt Cre Finance, Llc valued at $5.3 million for 1 parcel, including the tax class miscellaneous (H9) and containing 47 residential units at 206 West 41 Street in Times Square. The deal closed on July 09, 2019 and was recorded on July 23, 2019.
The property contains a total of 24,697 square feet of built space. The property has 13,135 square feet of available development rights.
The average loan per unit is $111,702.
The last time the property sold was June 17, 2015, for $12,375,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 47 residential (or hotel) units on July 25, 2012.
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 $1,176,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link