East 236th Street LLC obtained financing of $5M from Investors Bank

East 236th Street LLC as borrower signed a loan agreement with lender Investors Bank valued at $5.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 25 residential units at 524 East 236 Street in Woodlawn. The deal closed on July 22, 2019 and was recorded on August 19, 2019.
The property contains a total of 17,415 square feet of built space. The property has 131 square feet of available development rights.
The average loan per unit is $216,800.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 25 residential (or hotel) units on January 25, 2019.
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 $70,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link