Broadside Realty Corporation obtained financing of $16M from New York Community Bank

Broadside Realty Corporation as borrower signed a loan agreement with lender New York Community Bank valued at $16.0 million for 7 parcels, including the tax class miscellaneous (K9) and containing 28 residential units at 2742 Broadway, 2748 Broadway, 2750 Broadway, 2758 Broadway, 244 West 106 Street, and others in Upper West Side. The deal closed on July 22, 2019 and was recorded on August 01, 2019.
The property contains a total of 159,026 square feet of built space. The property has 109,365 square feet of available development rights.
The average loan per unit is $571,429.
The last time the property sold was April 10, 2008, for $6,500,000.

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