Charles Yassky refis $9.5M with Santander Bank for 52-unit rental in Washington Heights

Charles Yassky through the entity 113 West LLC as borrower signed a loan agreement with lender Santander Bank N.A. valued at $9.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 52 residential units at 220 Wadsworth Avenue in Washington Heights. The deal closed on February 4, 2021 and was recorded on February 22, 2021.
The property contains a total of 56,652 square feet of built space.
The average loan per unit is $182,692.
The last time the property sold was August 15, 2016 for $15,600,000.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $216,500.

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