BLDG Management borrows $11M from Capital One for multifamily property in the Upper West Side

Lloyd Goldman’s BLDG Management through the entity BLDG Amsterdam LLC as borrower signed a loan agreement with lender Capital One through the entity Capital One valued at $11 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 119 residential units at 850 Amsterdam Avenue in the Upper West Side. The deal closed on May 14, 2020 and was recorded on May 15, 2020.
The property contains a total of 82,172 square feet of built space.
The average loan per unit is $92,437.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 119 residential units on June 11, 2015.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $155,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link