Catholic Charities Brooklyn & Queens borrows $55M from Greystone & Co. for property in Astoria

Catholic Charities Brooklyn & Queens through the entity Catherine Sheridan Housing Development Fund Comp as borrower signed a loan agreement with lender Greystone & Co. through the entity Greystone Funding Company, Inc. valued at $55.0 million for 1 parcel, including the tax class multifamily, miscellaneous (D9) and containing 241 residential units at 31-41 23rd Street in Astoria. The deal closed on October 31, 2019 and was recorded on December 10, 2019.
The property contains a total of 202,800 square feet of built space.
The average loan per unit is $228,072.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $444,211.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link