Gatsby Enterprises borrows $20M from Capital One for multifamily property in Washington Heights

Nader Ohebshalom’s Gatsby Enterprises through the entity Fort Washington Holding LLC as borrower signed a loan agreement with lender Capital One valued at $20 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 100 residential units at 690 Ft Washington Avenue in Washington Heights. The deal closed on February 20, 2020 and was recorded on February 28, 2020.
The property contains a total of 90,446 square feet of built space.
The average loan per unit is $199,750.
The last time the property sold was September 1, 2007, for $2,010,071.

Over the past five years, there have been 17 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 17 renovation/alteration projects (A2) applied for with a total estimated value of $1,119,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link