Bedford Park Apartments, LLC borrows $8M from Capital One for property in Riverdale

Bedford Park Apartments, LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $7.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 49 residential units at 2786 Bainbridge Avenue in Riverdale. The deal closed on September 16, 2019 and was recorded on October 7, 2019.
The property contains a total of 63,024 square feet of built space.
The average loan per unit is $153,061.

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 $68,275.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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