Copperwood Holdings borrows $7M from New York Community Bank for multifamily property in Yorkville

Copperwood Holdings through the entity Rsl 444 East 81st LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.2 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 34 residential units at 444 East 81st Street in Yorkville. The deal closed on April 3, 2020 and was recorded on April 16, 2020.
The property contains a total of 18,190 square feet of built space.
The average loan per unit is $211,618.
The last time the property sold was December 26, 2012, for $8,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $62,870.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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