Joseph Willner borrows $10M from New York Community for multifamily property in Inwood

Joseph Willner through the entity 54 Vermilyea Ave LLC as borrower signed a loan agreement with lender New York Community Bank valued at $10.4 million for 3 parcels, including the tax class multifamily, over six families without stores (C1) and containing 78 residential units at 83 Post Avenue, 54 Vermilyea Avenue, 564 West 189th Street in Inwood. The deal closed on August 18, 2020 and was recorded on August 20, 2020.
The property has 59,637 square feet of built space and available development rights.
The average loan per unit is $133,167.

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