Bronstein Properties borrows $30.7M from New York Community Bank for property in Washington Heights and Inwood

Bronstein Properties borrows $30.7M from New York Community Bank in four separate transaction in Washington Heights and Inwood.

In the largest transaction, Bronstein Properties through the entity Sherman 232 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.2 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 39 residential units at 232 Sherman Avenue in Inwood. The deal closed on September 1, 2019 and was recorded on October 28, 2019.
The property contains a total of 40,644 square feet of built space.
The average loan per unit is $234,936.
The last time the property sold was February 28, 2005, for $7,210,000.

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

The other three properties are here:
Bronstein Properties borrows $8M from New York Community Bank for property in Washington Heights{

Bronstein Properties through the entity Heights 601 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.6 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 36 residential units at 1261 St Nicholas Avenue in Washington Heights. The deal closed on September 1, 2019 and was recorded on October 28, 2019.
The property contains a total of 40,580 square feet of built space.
The average loan per unit is $211,873.
The last time the property sold was February 28, 2005, for $6,910,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $20,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
Bronstein Properties borrows $7M from New York Community Bank for property in Washington Heights{

Bronstein Properties through the entity Heights 600 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.4 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 36 residential units at 1271 St Nicholas Avenue in Washington Heights. The deal closed on September 1, 2019 and was recorded on October 28, 2019.
The property contains a total of 40,580 square feet of built space.
The average loan per unit is $206,810.
The last time the property sold was February 28, 2005, for $5,880,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
Bronstein Properties borrows $6M from New York Community Bank for property in Washington Heights{

Bronstein Properties through the entity Heights 624 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.4 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 52 residential units at 624 West 176th Street in Washington Heights. The deal closed on September 1, 2019 and was recorded on October 28, 2019.
The property contains a total of 46,500 square feet of built space.
The average loan per unit is $123,618.
The last time the property sold was February 28, 2005, for $5,000,000.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $107,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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