Bronstein Properties refinances four properties with $23M from New York Community Bank

Bronstein Properties signed four loan agreements with lender New York Community Bank valued $23.07 million.

Bronstein Properties through the entity Heights 170 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, semi-fireproof (without stores) (D1) and containing 45 residential units at 555 West 170 Street in Washington Heights. The deal closed on August 29, 2019 and was recorded on September 06, 2019.
The property contains a total of 31,902 square feet of built space.
The average loan per unit is $141,756.
The last time the property sold was February 28, 2005, for $3,940,000.

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

Bronstein Properties through the entity Thayer 45 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.8 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 53 residential units at 45 Thayer Street in Washington Heights. The deal closed on August 29, 2019 and was recorded on September 06, 2019.
The property contains a total of 34,040 square feet of built space. The property has 6,000 square feet of available development rights.
The average loan per unit is $110,038.
The last time the property sold was February 28, 2005, for $4,470,000.

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 $263,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Bronstein Properties through the entity Heights 174 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 43 residential units at 609 West 174 Street in Washington Heights. The deal closed on August 29, 2019 and was recorded on September 06, 2019.
The property contains a total of 42,926 square feet of built space.
The average loan per unit is $131,837.
The last time the property sold was February 28, 2005, for $4,750,000.

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

Bronstein Properties through the entity Thayer 35 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 53 residential units at 35 Thayer Street in Washington Heights. The deal closed on August 29, 2019 and was recorded on September 06, 2019.
The property contains a total of 34,040 square feet of built space. The property has 6,000 square feet of available development rights.
The average loan per unit is $97,981.
The last time the property sold was February 28, 2005, for $4,280,000.

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 $271,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link