Anthony Pilavas signs $37.4M in refis with Arbor Realty Trust for rentals in Tremont

Anthony Pilavas signed $37.4 million in refinancing loans with Arbor Realty Trust for rentals in Tremont in two separate transactions.
In the first, Anthony Pilavas through the entity Clinton – 178 Towers LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Private Label LLC valued at $18.7 million for the 152-unit rental (D1) at 740 East 178th Street in Tremont, Bronx.
The deal closed on May 28, 2021 and was recorded on June 23, 2021.
The property has 145,330 square feet of built space and 0 square feet of additional air rights for a total buildable of 126,251 square feet according to PincusCo analysis of city data. The loan price per built square foot is $128 per the PincusCo analysis.
The owner bought the property on 23-Aug-10, for $12 million.
The signatory for Anthony Pilavas was Anthony Pilavas.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $1.2 million.
The owners according to the Department of Housing Preservation and Development includes Anthony Pilavas, head officer and Antonio Picerno, officer. The business entity is Clinton-178 Towers, Llc.
Within a 400-foot radius of 740 East 178th Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
Of those two items, one was for major renovation including a certificate of occupancy change. It was a permit issued on March 12, 2020 for the $5.5 million renovation of 27,985-square-foot R-1 building with 87 residential units at 752 East Tremont Avenue.

Direct link to Acris document. link

In the second, Anthony Pilavas through the entity Clinton – Oakland Towers LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Private Label LLC valued at $18.6 million for the 152-unit rental (D1) at 730 Oakland Place in Tremont, Bronx.
The deal closed on May 28, 2021 and was recorded on June 23, 2021.
The property has 145,330 square feet of built space and 0 square feet of additional air rights for a total buildable of 100,437 square feet according to PincusCo analysis of city data. The loan price per built square foot is $128 per the PincusCo analysis.
The owner bought the property on 23-Aug-10, for $23.5 million.
The signatory for Anthony Pilavas was Anthony Pilavas.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $4.9 million.
The owners according to the Department of Housing Preservation and Development includes Anthony Pilavas, head officer and Michael Abreu, officer. The business entity is Clinton – Oakland Towers Llc/Anthony Pilavas.

Direct link to Acris document. link