Abraham Oved borrows $10.6M from Investors Bank for UWS multifamily

Abraham Oved through the entity SJR 92 Realty, LLC as borrower signed a loan agreement with lender Investors Bank valued at $10.6 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 28 residential units at 148 West 92nd Street, 150 West 92nd Street, 152 West 92nd Street in the Upper West Side. The deal closed on June 30, 2020 and was recorded on July 20, 2020.

The financing includes a $1.35 million gap loan.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for at least one of the buildings, with 27 residential units, on July 19, 2012.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,000,000. Those filings sought to increase the number of residential units by 6 to 27
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link