Fort Tryon cooperative borrows $13M from Cantor Commercial in Washington Heights

Fort Tryon cooperative through the entity Fort Tryon Apartment Corp. as borrower signed a loan agreement with lender Cantor Commercial Real Estate Lending, L.P. valued at $12.5 million for 1 parcel, including the tax class cooperative (D4) and containing 350 residential units at 4523 Broadway in Washington Heights. The deal closed on February 21, 2020 and was recorded on March 4, 2020.
The property contains a total of 316,007 square feet of built space.
The average loan per unit is $35,714.

Over the past five years, there have been 11 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 11 renovation/alteration projects (A2) applied for with a total estimated value of $1,675,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link