Israel Weinberger signs $9.8M refi with New York Community for three rentals in Washington Heights

Israel Weinberger through the entity 551-565 West 190 Property LLC as borrower signed a refi loan with lender New York Community Bank valued at $9.8 million for three rentals including the 31-unit rental (C1) at 559 West 190th Street in Washington Heights, Manhattan, 30-unit rental (C1) at 565 West 190th Street in Washington Heights, Manhattan, and 28-unit rental (C1) at 500 Audubon Avenue in Washington Heights, Manhattan.
The deal closed on December 23, 2020 and was recorded on May 12, 2021.
The three properties have 82,145 square feet of built space and 0 square feet of additional air rights for a total buildable of 78,346 square feet according to PincusCo analysis of city data. The loan price per built square foot is $119 per the PincusCo analysis.
The signatory for Israel Weinberger was Israel Weinberger.
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.
The owner according to the Department of Housing Preservation and Development is Jonathan Ramirez, head officer. The business entity is 551-565 West 190 Property Llc.

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