Finkelstein, Timberger, East Real Estate borrows $7M from Webster Bank for property in Riverdale

Finkelstein, Timberger, East Real Estate through the entity Merry Associates LLC as borrower signed a loan agreement with lender Webster Bank valued at $7.2 million for the 54-unit 2908 Valentine Avenue in Riverdale. The deal closed on September 16, 2019 and was recorded on September 24, 2019.
The property contains a total of 46,500 square feet of built space and the tax class is multifamily, over six families without stores (C1).
The average loan per unit is $132,407.

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Direct link to the city’s interactive property map, ZOLA. link

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