City Skyline Real Estate borrows $6M from Arbor Realty Trust for multifamily property in Hamilton Heights

Douglas Peterson’s City Skyline Real Estate through the entity 561 W 144 Realty LLC as borrower signed a loan agreement with lender Arbor Realty Trust’s Arbor Commercial Funding I, LLC valued at $6.3 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 20 residential units at 561 West 144th Street in Hamilton Heights. The deal closed on December 27, 2019 and was recorded on March 5, 2020.
The property contains a total of 17,650 square feet of built space. The property has 19,998 square feet of available development rights.
The average loan per unit is $315,850.
The last time the property sold was September 16, 2015, for $6,675,000.

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 $290,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link