Golson Realty Corp. borrows $21M from New York Community Bank for multifamily property in Washington Heights

Golson Realty Corp. through signatory James Golson as borrower signed a loan agreement with lender New York Community Bank valued at $21 million for 1 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 127 residential units at 555 Edgecombe Avenue in Washington Heights. The deal closed on March 23, 2020 and was recorded on April 6, 2020.
The property contains a total of 168,000 square feet of built space.

This is a refinance. The prior debt was $22.7 million.

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 $250,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article