Asden (US) borrows $17.6M from New York Community for property in Tremont

Eli Bleeman’s Asden (US) through the entity 1777 GC LLC as borrower signed a loan agreement with lender New York Community Bank valued at $17.6 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 170 residential units at 1777 Grand Concourse in Tremont. The deal closed on August 10, 2020 and was recorded on March 1, 2021.
The property contains a total of 172,032 square feet of built space.
The average loan per unit is $103,495.
The last time the property sold was March 26, 2015 for $25,600,000.
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 $133,485.

Direct link to Acris document. link