2676 GC LLC obtained financing of $8M from Capital One

2676 GC LLC as borrower signed a loan agreement with lender Capital One valued at $8.2 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 78 residential units at 2676 Grand Concourse in Riverdale. The deal closed on August 12, 2019 and was recorded on August 22, 2019.
The property contains a total of 72,533 square feet of built space. The property has 44,850 square feet of available development rights.
The average loan per unit is $105,128.
The last time the property sold was November 29, 2011, for $6,600,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $38,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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