Gac Haxhari gets $6.7M construction loan for 43-unit project in Tremont

Gac Haxhari through the entity G & E Walton Developers LLC as borrower signed a new construction loan agreement with lender Northeast Community Bank valued at $6.7 million for the development of a project with 43 residential units at 2026 Walton Avenue in Tremont. The deal closed on March 18, 2021 and was recorded on April 13, 2021.
The property contains a total of 30,810 square feet of built space.
The average loan per unit is $155,465.
The last time the property sold was September 4, 2018 for $725,000.
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 has been one new building permit application Those plans include a total of 43 residential units.

There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.

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