Greystone Management borrows $8M from Bank of NY Mellon for multifamily property in the Upper West Side

Anne Goldrach’s Greystone Management through the entity Greystone Properties 76 LLC as borrower signed a loan agreement with lender Bny Mellon, National Association valued at $8.0 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 9 residential units at 328 Columbus Avenue in the Upper West Side. The deal closed on December 20, 2019 and was recorded on January 3, 2020.
The property contains a total of 22,010 square feet of built space. The property has 30,707 square feet of available development rights.
The average loan per buildable square foot is $261.
The last time the property sold was November 24, 2008, when Goldrach’s entity bought out a stake owned by her mother for $9,111,179.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $1,069,040.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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