Charney Companies refis LIC property with $5.8M from Arbor Realty Trust

Charney Companies through the entity 4632 Vernon LLC as borrower signed a loan agreement with lender Arbor Realty Trust through the entity Arbor Private Label LLC valued at $5.8 million for 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units at 46-32 Vernon Boulevard in Long Island City. The deal closed on January 8, 2021 and was recorded on January 29, 2021.
The property contains a total of 6,958 square feet of built space.
The average loan per buildable square foot is $837.
The last time the property sold was March 15, 2018 for $3,850,000.
Over the past five years, there have been 5 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 $139,000.0. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $254,500.

Direct link to Acris document. link