Cammeby’s International borrows $9M from Capital One for multifamily property in Washington Heights

Cammeby’s International Group through the entity WH 475 West 186 Street LLC as borrower signed a loan agreement with lender Capital One valued at $8.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 61 residential units at 475 West 186th Street in Washington Heights. The deal closed on June 10, 2020 and was recorded on June 18, 2020.
The property contains a total of 61,246 square feet of built space.
The average loan per unit is $145,772.
The last time the property sold was May 21, 2014, for $13,775,000. Eli Schron was the signatory for the loan.

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 $37,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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