Co-op at 201 East 79th Street in Yorkville borrows $38M from Bank of New York Mellon

The 201 East 79th Street cooperative through the entity 201 East 79th Tenants Corporation as borrower signed a loan agreement with lender The Bank Of New York Mellon valued at $38.0 million for 1 parcel, including the tax class cooperative (D4) and containing 168 residential units at 1391 3rd Avenue in Yorkville. The deal closed on November 1, 2019 and was recorded on November 14, 2019.
The property contains a total of 293,303 square feet of built space.
The average loan per unit is $226,190.

Over the past five years, there have been 26 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 $1,000. There were 25 renovation/alteration projects (A2) applied for with a total estimated value of $8,938,852.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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