Finkelstein Timberger borrows $31M from Prudential for 211-unit rental in Highbridge

Finkelstein Timberger East Real Estate through the entity 1005 Yankee Pride LLC as borrower signed a loan agreement with lender Prudential Multifamily Mortgage valued at $31.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 211 residential units at 1000 Anderson Avenue in Highbridge. The deal closed on November 24, 2020 and was recorded on December 18, 2020.
The property contains a total of 205,008 square feet of built space.
The average loan per unit is $147,156.
The last time the property sold was May 29, 2013 for $17,500,000.
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 $17,800.

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