AC 332 W 84 Company, LLC obtained financing of $5M from Centennial Bank

AC 332 W 84 Company, LLC as borrower signed a loan agreement with lender Centennial Bank valued at $5.0 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 8 residential units at 332 West 84 Street in Upper West Side. The deal closed on June 27, 2019 and was recorded on July 24, 2019.
The property contains a total of 8,211 square feet of built space. The property has 2,462 square feet of available development rights.
The average loan per buildable square foot is $609.
The last time the property sold was October 05, 2012, for $3,100,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on December 04, 2018.
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 $225,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link