Charles Nicholas borrows $6M from TD Bank for multifamily property in the Upper West Side

Charles Nicholas through the entity 205 West 107th Street LLC as borrower signed a loan agreement with lender TD Bank valued at $5.9 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 10 residential units at 205 West 107th Street in the Upper West Side. The deal closed on May 7, 2020 and was recorded on June 1, 2020.
The property contains a total of 14,255 square feet of built space. The property has 15,125 square feet of available development rights.
The average loan per buildable square foot is $387.

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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $6,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article