Bolivar Development borrows $10M from M&T Bank to buy property in Inwood

Peter Fine’s Bolivar Development through the entity 400 West 219 LLC as borrower signed a loan agreement with lender M&T Bank valued at $10 million for 1 parcel, including the tax class one-story, fireproof or semi-fireproof, garage (G2) at 400 West 219th Street in Inwood. The deal closed on March 1, 2021 and was recorded on March 16, 2021.

This is an acquisition loan. The last time the property sold was March 1, 2021 for $16,000,000.
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 has been one new building permit application

Direct link to Acris document. link