437 Morris Park LLC obtained financing of $7M from Popular Bank

July 24, 2019 9:22 am

437 Morris Park LLC as borrower signed a loan agreement with lender Popular Bank valued at $7.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 68 residential units at 437 Morris Park Avenue in Tremont. The deal closed on July 09, 2019 and was recorded on July 23, 2019.
The property contains a total of 67,018 square feet of built space.
The average loan per unit is $109,559.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $21,370.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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