Charles Dayan’s Bonjour Capital through the entity York 1735 LLC as borrower signed a loan agreement with lender Greystone Servicing Company LLC valued at $115.0 million for the 265-unit residential tower the Serrano at 1735 York Avenue in Yorkville. The deal closed on September 5, 2019 and was recorded on September 17, 2019.
The property contains a total of 279,945 square feet of built space.
The average loan per unit is $433,962.
The loan package includes $11.5 million in new debt. The $115 million was then assigned to Fannie Mae. Shaya Ackerman and Shaya Sonnenschein of Meridian Capital Group brokered the finance package. The last time the property sold was May 11, 2016, for $139,600,000.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $393,750.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link