Group Gjonaj borrows $5M from New York Community Bank for property in Riverdale

Group Gjonaj through the entity Group Gjonaj LLC as borrower signed an acquisition loan agreement with lender New York Community Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 3136 Perry Avenue in Riverdale. The deal closed on June 25, 2020 and was recorded on July 10, 2020.
The property contains a total of 50,000 square feet of built space.
The average loan per unit is $107,646.
The last time the property sold was August 29, 2012, for $4,275,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $1,027,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Correction: A prior version of this article wrote the borrower as Gjonaj Group, when it should be Group Gjonaj.