David Natanov borrows $11M from New York Community Bank for property in Hamilton Heights

David Natanov through the entity West 139th Owner, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $11.1 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 42 residential units at 515 West 139th Street, 526 West 139th Street in Hamilton Heights. The deal closed on August 13, 2019 and was recorded on September 17, 2019.
The property contains a total of 17,540 square feet of built space. The property has 5,146 square feet of available development rights.
The average loan per unit is $265,119.
The last time the property sold was October 6, 2016, for $6,800,000.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $368,470.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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