Feil Organization borrows $75M from Capital One to refi Concourse Plaza mall in Longwood Melrose

Jeffrey Feil’s Feil Organization through the entity CP Associates LLC as borrower signed a loan agreement with lender Capital One valued at $75 million for Concourse Plaza retail mall with 4 parcels, including 200 East 161st Street, 820 Concourse Village W, 198 East 161st Street in Longwood Melrose in the Bronx. The deal closed on April 8, 2020 and was recorded on May 8, 2020.

The financing includes a gap loan of $11.2 million.

Over the past five years, there have been 7 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 $200,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $1,766,340.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link