60 East 196 LLC obtained financing of $6M from New York Community Bank

60 East 196 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.1 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 47 residential units at 60 East 196 Street in Riverdale. The deal closed on August 15, 2019 and was recorded on August 28, 2019.
The property contains a total of 62,548 square feet of built space. The property has 5,789 square feet of available development rights.
The average loan per unit is $129,495.
The last time the property sold was January 30, 2013, for $4,015,000.

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 $1,035,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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