Chestnut Holdings of New York obtained financing of $5M from Capital One

Chestnut Holdings of New York’s 2095 GC LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $5.1 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 48 residential units at 2095 Grand Concourse in Fordham. The deal closed on August 13, 2019 and was recorded on August 27, 2019.
The property contains a total of 36,633 square feet of built space. The property has 25,675 square feet of available development rights.
The average loan per unit is $106,250.
The last time the property sold was August 27, 2013, for $4,100,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $445,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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