Joseph L. Jemal’s ICER Properties borrows $9M from CBRE Capital Markets for multifamily property in Hamilton Heights

Joseph L. Jemal’s ICER Properties through the entity ICER Of 415 West 150th Street LLC as borrower signed a loan agreement with lender CBRE Capital Markets, Inc. valued at $8.6 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 16 residential units at 415 West 150th Street in Hamilton Heights. The deal closed on April 13, 2020 and was recorded on April 20, 2020.
The property contains a total of 29,529 square feet of built space.
The average loan per unit is $538,125.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 16 residential (or hotel) units on April 16, 2013.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $680,500.There has been one new building permit application totaling square feet. Those plans include a total of 16 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link