Joseph Lifschutz obtained financing of $7M from Dime Community Bank

Joseph Lifschutz through the entity Ballard Management L.L.C. as borrower signed a loan agreement with lender Dime Community Bank valued at $7.3 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 90 residential units at 600 West 239th Street in Bronx. The deal closed on September 05, 2019 and was recorded on September 09, 2019.
The property contains a total of 98,681 square feet of built space. The property has 22,763 square feet of available development rights.
The average loan per unit is $80,860.
The last time the property sold was February 28, 2019, for $4,210,808.

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Direct link to the city’s interactive property map, ZOLA. link

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