Coney Realty Group borrows $14M from Signature Bank for multifamily property in Washington Heights

Peter Rebenwurzel’s Coney Realty Group through the entity 14-28 Thayer, LLC as borrower signed a loan agreement with lender Signature Bank valued at $14 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 84 residential units at 28 Thayer Street, 14 Thayer Street in Washington Heights. The deal closed on February 24, 2020 and was recorded on February 27, 2020.
The property contains a total of 32,590 square feet of built space.
The average loan per unit is $166,667.
The last time the property sold was August 24, 2016, for $19,700,000.

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