Jeffrey Farkas borrows $6.7M from Santander Bank for UWS multifamily purchase

Jeffrey Farkas through the entity 105 Partners LLC as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $6.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 40 residential units at 227 West 105th Street in the Upper West Side. The deal closed on July 28, 2020 and was recorded on August 4, 2020.
The property contains a total of 42,312 square feet of built space.
The average loan per unit is $168,500.
This was an acquisition loan.

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 $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link