Gazivoda Realty borrows $17M from New York Community Bank for the purchase of multifamily property in Carnegie Hill

Gazivoda Realty through the entity Gazivoda 118 LLC as borrower signed an acquisition loan agreement with lender New York Community Bank valued at $16.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 38 residential units at 118 East 93rd Street in Carnegie Hill. The deal closed on February 3, 2020 and was recorded on February 14, 2020.
The property contains a total of 42,857 square feet of built space.
The average loan per unit is $434,211.
Gazivoda bought the building on the same day, for $27.25 million. The last time the property sold was July 21, 2016, for $38,500,000.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $1,009,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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