310 Walton LLC obtained financing of $5M from Sterling National Bank

310 Walton LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $5.0 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 288 Walton Avenue in Mott Haven. The deal closed on August 14, 2019 and was recorded on August 28, 2019.
The property contains a total of 31,760 square feet of built space. The property has 113,129 square feet of available development rights.
The average loan per buildable square foot is $35.
The last time the property sold was August 16, 2018, for $16,650,000.

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Direct link to the city’s interactive property map, ZOLA. link

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