Joseph Zafarani obtained financing of $15M from RGA Reinsurance Company

Joseph Zafarani through the entity B.A. Kole, LLC as borrower signed a loan agreement with lender RGA Reinsurance Company valued at $14.7 million for 1 parcel, including the tax class two-story or store and office (K2) at 271 East Fordham Road in Fordham. The deal closed on August 01, 2019 and was recorded on August 20, 2019.
The property contains a total of 22,353 square feet of built space. The property has 6,297 square feet of available development rights.
The average loan per buildable square foot is $659.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $983,205.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link