Chaskel Babad obtained financing of $8M from TD Bank

Chaskel Babad through the entity 3 W 128 LLC as borrower signed a loan agreement with lender TD Bank valued at $8.3 million for 1 parcel, including the tax class unlicensed parking lot (G7) and containing 20 residential units at 3 West 128 Street in Central Harlem. The deal closed on July 03, 2019 and was recorded on July 23, 2019.
The property contains a total of 13,163 square feet of built space.
The average loan per unit is $412,500.
The last time the property sold was September 08, 2015, for $2,000,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 20 residential (or hotel) units on February 08, 2019.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel.There has been one new building permit application totaling 13,163 square feet. Those plans include a total of 20 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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