BARBERRY ROSE MANAGEMENT COMPANY INC obtained financing of $11M from ORITANI BANK

BARBERRY ROSE MANAGEMENT COMPANY INC through the entity 3850 BROADWAY HOLDING LLC as borrower signed a loan agreement with lender ORITANI BANK valued at $11.4 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 39 residential units at 3856 Broadway in Washington Heights. The deal closed on July 03, 2019 and was recorded on July 15, 2019.
The property contains a total of 60,198 square feet of built space. The property has 13,889 square feet of available development rights.
The average loan per unit is $291,667.
The last time the property sold was August 26, 2014, for $14,750,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $409,570.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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