Ezriel Weinberger borrows $24M from Capital One for multifamily property in Longwood Melrose

Ezriel Weinberger through the entity 780 GC LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $23.5 million for 6 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 420 residential units at 730 Grand Concourse, 740 Grand Concourse, 3045 Grand Concourse, 774 Grand Concourse, 792 Grand Concourse, and others in Longwood Melrose. The deal closed on February 7, 2020 and was recorded on February 11, 2020.
The property has 644,172 square feet of existing and available development rights.
The average loan per unit is $55,952.

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 $310,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link