Brynn Mackool Arnold borrows $15M from Greystone & Co. for newly built multifamily property in Long Island City

Brynn Mackool Arnold through the entity The Vision At 33rd LLC as borrower signed a loan agreement with lender Greystone & Co. (which then assigned it to Fannie Mae) valued at $15.3 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 43 residential units at 37-27 33rd Street in Long Island City. The deal closed on May 22, 2020 and was recorded on May 27, 2020.
The property contains a total of 44,788 square feet of built space.
The average loan per unit is $355,814.
The last time the property sold was June 28, 2016, for $9,050,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 43 residential (or hotel) units on August 22, 2019.
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 has been one new building permit application totaling 76,083 square feet. Those plans include a total of 86 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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