Barry Gottehrer borrows $11.3M from Greystone & Co. for 45-unit rental in Washington Heights

Barry Gottehrer through the entity Sylvan Manor LLC as borrower signed a loan agreement with lender Greystone Servicing Company LLC valued at $11.3 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 45 residential units at 1026 St Nicholas Avenue in Washington Heights. The deal closed on September 17, 2020 and was recorded on September 24, 2020.
The property contains a total of 37,020 square feet of built space. The property has 48,424 square feet of available development rights.
The average loan per unit is $251,111.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 45 residential (or hotel) units on August 28, 2013.
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 $124,410.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link