Jay Wartski borrows $15M for 100-unit rental in the Upper West Side

Jay Wartski through the entity 304 W. 92nd St. Realty LLC as borrower signed a loan agreement with lender Bridge Investment Group’s BDS IV Mortgage Capital G LLC valued at $15.0 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 100 residential units at 302 and 304 West 92nd Street in the Upper West Side. The deal closed on March 26, 2021 and was recorded on April 19, 2021.
The property contains a total of 64,598 square feet of built space.
The average loan per unit is $150,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $95,000.

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