Cammeby’s, FBE sign $67M refi loan with New York Community for rental in Clinton

Cammeby’s International Group and FBE Limited through the entity Hudsonview Company I, L.P. as borrower signed a refi loan with lender New York Community Bank valued at $67 million for the 388-unit rental (AP) at 737 10th Avenue in Clinton, Manhattan.
The deal closed on May 27, 2021 and was recorded on June 11, 2021.
The property has 473,324 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $141 per the PincusCo analysis.
The signatory for Cammeby’s International Group and FBE Limited was Abraham H. Fruchthandler of FBE.
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 $166,000.
The owners according to the Department of Housing Preservation and Development includes Ephraim Fruchthandler, head officer and Flora Buckley, agent. The business entity is Hudsonview Company I Lp.
Within a 400-foot radius of 737 10th Avenue, PincusCo identified one commercial real estate item of interest that occurred over the past 24 months.
It was a loan in which Croman Real Estate borrowed $6.3 million from New York Community Bank secured for the 8,815-square-foot, 10-unit rental (C4) at 450 West 50th Street on May 27, 2020.

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