Fifty West Eighty Sixth, LLC obtained financing of $5M from Teachers Federal Credit Union

Fifty West Eighty Sixth, LLC as borrower signed a loan agreement with lender Teachers Federal Credit Union valued at $5.0 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 9 residential units at 50 West 86 Street in Upper West Side. The deal closed on July 26, 2019 and was recorded on August 06, 2019.
The property contains a total of 25,549 square feet of built space. The property has 18,568 square feet of available development rights.
The average loan per buildable square foot is $196.

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