3600 Broadway Owner LLC obtained financing of $14M from New York Community Bank

3600 Broadway Owner LLC as borrower signed a loan agreement with lender New York Community Bank valued at $14.1 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 35 residential units at 3600 Broadway, 3604 Broadway, 3608 Broadway in Hamilton Heights. The deal closed on August 22, 2019 and was recorded on September 03, 2019.
The property contains a total of 21,150 square feet of built space. The property has 24,768 square feet of available development rights.
The average loan per unit is $402,857.
The last time the property sold was June 25, 2014, for $7,000,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $137,520.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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