Gary Zuckerman borrows $6M from New York Community Bank for multifamily property in University Heights

Gary Zuckerman through the entity Rega Development Corporation as borrower signed a loan agreement with lender New York Community Bank valued at $6 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 35 residential units at 2357 Davidson Avenue in University Heights, the Bronx. The deal closed on May 22, 2020 and was recorded on July 17, 2020.
The property contains a total of 32,500 square feet of built space.
The average loan per unit is $172,486.

Direct link to Acris document. link
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