David Israeli borrows $16M from Morgan Stanley Bank for multifamily property in Washington Heights

=David Israeli through the entity 3800 Broadway Associates LLC as borrower signed a loan agreement with lender Morgan Stanley Bank valued at $16.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 39 residential units at 3800 Broadway in Washington Heights. The deal closed on November 7, 2019 and was recorded on November 20, 2019.
The property contains a total of 56,777 square feet of built space.
The average loan per unit is $410,256.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $113,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link