2426 Grand Operating Corp. obtained financing of $7M from New York Community Bank

2426 Grand Operating Corp. as borrower signed a loan agreement with lender New York Community Bank valued at $6.6 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 35 residential units at 2426 Grand Avenue, 42 West Fordham Road in University Heights. The deal closed on June 03, 2019 and was recorded on August 15, 2019.
The property contains a total of 40,655 square feet of built space.
The average loan per unit is $188,571.

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