Finkelstein, Timberger, East Real Estate borrows $15M from Investors Bank for multifamily property in Kingsbridge

Finkelstein, Timberger, East Real Estate through the entity 131 Ellsworth Enterprises LLC as borrower signed a loan agreement with lender Investors Bank through the entity Investors Bank valued at $14.7 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 80 residential units at 125 West Kingsbridge Road, 131 West Kingsbridge Road in Kingsbridge. The deal closed on November 13, 2019 and was recorded on December 5, 2019.
The property contains a total of 55,146 square feet of built space.
The average loan per unit is $183,508.
The last time the property sold was February 6, 2014, for $5,500,000.

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 $769,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link