John Bianco borrows $13M from TD Bank for UWS multifamily property

John Bianco through the entity 765 Amsterdam Ave LLC as borrower signed a loan agreement with lender Td Bank, N.A. valued at $12.9 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 140 residential units at 181 West 97th Street in the Upper West Side. The deal closed on July 2, 2020 and was recorded on July 13, 2020.
The property contains a total of 204,468 square feet of built space.
The average loan per unit is $92,143.
The debt was reduced from the prior maximum of $14.25 million lent by People’s United Bank.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $857,390.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link