B. David Schreiber borrows $12M from Signature Bank for 70-unit rental in Fordham

B. David Schreiber through the entity Golda Rivka 2 LLC as borrower signed a loan agreement with lender Signature Bank valued at $12.3 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 70 residential units at 210 West 251st Street in Fordham. The deal closed on October 10, 2020 and was recorded on December 21, 2020.
The property contains a total of 75,000 square feet of built space.
The average loan per unit is $175,714.
The last time the property sold was May 14, 2015, for $15,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $175,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link