Behroot Hedvat refis with $13.4M from BNB Bank for 57-unit rental in Washington Heights

Behroot Hedvat through the entity 52 Partners LLC as borrower signed a loan agreement with lender BNB Bank valued at $13.4 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 57 residential units at 452 Ft Washington Avenue in Washington Heights. The deal closed on October 1, 2020 and was recorded on October 16, 2020.
The property contains a total of 65,190 square feet of built space.
The average loan per unit is $235,789.
Hedvat is identified as president of Bayrock Inc, which was identified as the managing member of the entity that owns the property.The last time the property sold was February 15, 2019, for $18,260,001.

Over the past five years, there have been 26 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $600,000. There were 25 renovation/alteration projects (A2) applied for with a total estimated value of $1,698,400. Those filings sought to increase the number of residential units by 54 to 1,299.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link