Andrew Moses borrows $10M from First Republic Bank for multifamily property in Midtown West

Andrew Moses through the entity Van Dorn Holdings LLC as borrower signed a loan agreement with lender First Republic Bank valued at $10.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 55 residential units at 150 West 58th Street in Midtown West. The deal closed on October 31, 2019 and was recorded on November 6, 2019.
The property contains a total of 39,720 square feet of built space.
The average loan per unit is $181,818.

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 $40,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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