Charles Coutinho borrows $11M from Capital One for multifamily property in Yorkville

Charles Coutinho through the entity Javind 95th Street Apartments LLC as borrower signed a loan agreement with lender Capital One valued at $11.1 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 59 residential units at 303 East 95th Street in Yorkville. The deal closed on May 12, 2020 and was recorded on May 21, 2020.
The property contains a total of 33,804 square feet of built space. The property has 45,431 square feet of available development rights.
The average loan per unit is $187,288.

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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $23,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link