Asset Realty & Construction Group gets $14M construction loan from Investors Bank for property in Riverdale

Asset Realty & Construction Group through the entity 1 Holland Villa, LLC as borrower signed a loan agreement with lender Investors Bank valued at $14.5 million for 1 parcel, including the tax class single-family, two stories detached (small or moderate size, with or without attic) (A1) at 3160 Villa Avenue in Riverdale. The deal closed on February 4, 2021 and was recorded on February 23, 2021.

The last time the property sold was October 11, 2019 for $958,553.
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 4 renovation/alteration projects (A2) applied for with a total estimated value of $220,000.

There has been one new building permit application Those plans include a total of 66 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link