Clermont York Associates LLC obtained financing of $41M from Capital One

July 23, 2019 7:48 am

Clermont York Associates LLC obtained financing of $41M from Capital One, National Association

Clermont York Associates LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $40.7 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 415 residential units at 1533 York Avenue in Yorkville. The deal closed on June 19, 2019 and was recorded on July 22, 2019.
The property contains a total of 502,595 square feet of built space.
The average loan per unit is $98,012.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $1,689,485.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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