295 W 150 LLC obtained financing of $8M from PEAPACK-GLADSTONE BANK

295 W 150 LLC as borrower signed a loan agreement with lender PEAPACK-GLADSTONE BANK valued at $8.1 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 33 residential units at 26 Macombs Place in Central Harlem. The deal closed on June 19, 2019 and was recorded on July 15, 2019.
The property contains a total of 30,624 square feet of built space.
The average loan per unit is $244,697.
The last time the property sold was June 06, 2017, for $10,800,000.

Over the past five years, there have been 15 NYC Department of Buildings permit applications filed for this parcel. There were 15 renovation/alteration projects (A2) applied for with a total estimated value of $720,320.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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