Edward Setton borrows $10M from New York Community Bank to refi property in Central Harlem

Edward Setton through the entity 672 Associates LLC as borrower signed a loan agreement with lender New York Comunity Bank valued at $10.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 672 St Nicholas Avenue in Central Harlem. The deal closed on March 11, 2020 and was recorded on April 15, 2020.
The property contains a total of 42,144 square feet of built space.
The average loan per unit is $209,479.
The last time the property sold was October 29, 2014, for $13,500,000.

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