David Eshaghpour borrows $12M from New York Community Bank for multifamily property in Washington Heights

David Eshaghpour of East Coast Management through the entity Fort Wash Capital LLC as borrower signed a loan agreement with lender New York Community Bank valued at $11.6 million for 2 parcels, including the tax class multifamily, semi-fireproof with stores (D7) and containing 86 residential units at 46 Ft Washington Avenue, 38 Ft Washington Avenue in Washington Heights. The deal closed on April 23, 2020 and was recorded on May 5, 2020.
The property has 132,350 square feet of available development rights.
The average loan per unit is $134,651.

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