Igal Azulay borrows $6M from Bank of New Jersey for property in East Harlem

Igal Azulay through the entity Hdmi Holdings LLC as borrower signed a loan agreement with lender Bank Of New Jersey valued at $5.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 16 residential units at 168 East 100th Street in East Harlem. The deal closed on September 26, 2019 and was recorded on October 9, 2019.
The property contains a total of 13,860 square feet of built space.
The average loan per unit is $343,750.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 16 residential units on August 8, 2019.
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 $25,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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