Ari Sklar borrows $19M from New York Community Bank for multifamily property in Lincoln Square

Ari Sklar through the entity 30 West 70th Street Associates LLC as borrower signed a loan agreement with lender New York Community Bank valued at $18.9 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 31 residential units at 30 West 70th Street in Lincoln Square. The deal closed on February 4, 2020 and was recorded on February 18, 2020.
The property contains a total of 58,361 square feet of built space.
The average loan per unit is $609,355.
The last time the property sold was September 18, 2009, for $29,750,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $173,950.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link