560 West 180 St. NYC LLC obtained financing of $12M from Signature Bank

560 West 180 St. NYC LLC as borrower signed a loan agreement with lender Signature Bank valued at $11.8 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 18 residential units at 1392 St Nicholas Avenue in Washington Heights. The deal closed on July 25, 2019 and was recorded on August 01, 2019.
The property contains a total of 43,417 square feet of built space.
The average loan per unit is $655,556.
The last time the property sold was December 19, 2006, for $14,000,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 17 residential (or hotel) units on November 10, 2012.
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 $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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