Artimus borrows $16M from Signature Bank for property in Central Harlem

Artimus through the entity 147 Equities LLC as borrower signed a loan agreement with lender Signature Bank valued at $16.0 million for 1 parcel, including the tax class parochial schools, yeshivas (W2) at 147 St Nicholas Avenue in Central Harlem. The deal closed on September 24, 2020 and was recorded on January 12, 2021.
The property contains a total of 49,619 square feet of built space.
The average loan per buildable square foot is $322.
The last time the property sold was October 5, 2012 for $5,000,000.
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 $230,250.

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