ICER OF 10 WEST 132ND STREET LLC obtained financing of $5M from POPULAR BANK

ICER OF 10 WEST 132ND STREET LLC as borrower signed a loan agreement with lender POPULAR BANK valued at $5.2 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) and containing 16 residential units at 10 West 132 Street in Central Harlem. The deal closed on June 20, 2019 and was recorded on July 15, 2019.
The property contains a total of 10,298 square feet of built space.
The average loan per unit is $321,875.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 16 residential (or hotel) units on May 30, 2019.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $114,300.There has been one new building permit application totaling 12,619 square feet. Those plans include a total of 16 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link