Abraham Strulovitch borrows $23M from Popular Bank for development in Bronx

Abraham Strulovitch through the entity Blackstone 238 LLC as borrower signed a construction loan agreement with lender Popular Bank valued at $23 million for 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 620 West 238th Street in Bronx. The deal closed on November 14, 2019 and was recorded on December 16, 2019.

The last time the property sold was November 13, 2006, for $3,100,000.

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 has been one new building permit application totaling 61,124 square feet. Those plans include a total of 46 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link