3 RSD LLC obtained financing of $11M from First Republic Bank

3 RSD LLC as borrower signed a loan agreement with lender First Republic Bank valued at $10.9 million for 1 parcel, including the tax class single-family, city residence (A4) at 3 Riverside Drive in Upper West Side. The deal closed on June 28, 2019 and was recorded on July 30, 2019.
The property contains a total of 28,510 square feet of built space. The property has 17,613 square feet of available development rights.
The average loan per buildable square foot is $383.
The last time the property sold was April 06, 2017, for $15,800,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on April 06, 2017.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $3,031,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $154,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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