Eliyahu Zev Kohn borrows $32M from Greystone & Co. for property in University Heights

Eliyahu Zev Kohn through the entity 2995 Independence Avenue LLC as borrower signed a loan agreement with lender Greystone Funding Company LLC valued at $32.2 million for 1 parcel, including the tax class miscellaneous (N9) and containing 120 residential units at 2973 Independence Avenue in University Heights. The deal closed on January 28, 2021 and was recorded on February 8, 2021.
The property contains a total of 115,800 square feet of built space.
The average loan per unit is $268,667.
The last time the property sold was March 27, 2018 for $23,000,000.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,000.0. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $1,825,200.

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