522 West 157 Street

Owner: Peterson Capital

Debt: December 13, 2019, $11.5 million

Built: 1928

Renovated: 1988

SF: 42,546

Dwelling units: 44

No. of buildings: 1

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

Transactions:

• Douglas Peterson borrowed $11.5 million from Signature Bank for 522 West 157th Street, Washington Heights, Manhattan on December 13, 2019.

Development:

• Doug Peterson filed plans for alteration in Washington Heights, Manhattan, on December 27, 2018.

• Doug Peterson filed plans for alteration in Washington Heights, Manhattan, on February 02, 2018.

• Doug Peterson filed plans for alteration in Washington Heights, Manhattan, on January 07, 2019.

• Doug Peterson filed plans for alteration in Washington Heights, Manhattan, on June 21, 2017.

• Doug Peterson filed plans for alteration in Washington Heights, Manhattan, on January 26, 2018.

Litigation:

• Community Preservation Corporation, Neighborhood Restore HDFC and Related Fund Management filed a $11.5 million pre-foreclosure 651573/2025 on March 22, 2025, against Peterson Capital, City Skyline Realty, Douglas Peterson and Michael R. Fordham, Jr. at 522 West 157 Street.

Violations:

According to city public data, the properties have received $1,550 in ECB penalties, 28 housing violations, $2,800 in OATH penalties, and two housing litigations in the last year.