Gary Zuckerman borrows $8.2M from New York Community Bank for multifamily property in Fordham

Gary Zuckerman through the entity Creston Avenue Corp as borrower signed a loan agreement with lender New York Community Bank valued at $8.2 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 25 residential units at 2450 Creston Avenue in Fordham. The deal closed on May 22, 2020 and was recorded on July 16, 2020.
The property contains a total of 24,500 square feet of built space.
The average loan per unit is $326,120.

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 $76,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link