Hedge fund manager Roy Niederhoffer obtained financing of $23M from UBS Bank USA

Hedge fund manager Roy Niederhoffer through the entity 130 West 70 LLC as borrower signed a loan agreement with lender UBS Bank USA through the entity Mers valued at $23.0 million for 1 parcel, including the tax class single-family, mansion type (A7) at 130 West 70 Street in Lincoln Square. The deal closed on August 15, 2019 and was recorded on September 04, 2019.
The property contains a total of 12,675 square feet of built space. The property has 2,373 square feet of available development rights.
The average loan per buildable square foot is $1,528.
The last time the property sold was June 23, 2009, for $4,225,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on July 30, 2019.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $7,349,360. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $393,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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