Isaac Herskovitz borrows $18M from Popular Bank for multifamily property in Tremont

January 9, 2020 7:06 am

Isaac Herskovitz through the entity Bronx Apartments LLC as borrower signed a loan agreement with lender Popular Bank valued at $17.7 million for 5 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 106 residential units at 4305 Park Avenue, 4301 Park Avenue, 422 East 178th Street, 4293 Park Avenue, 4289 Park Avenue in Tremont. The deal closed on December 23, 2019 and was recorded on January 8, 2020.

The average loan per unit is $166,745.

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

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