Kunofskys borrow $5M from First Republic Bank for UWS multifamily property

The Kunofskys through the entity G270 West 73 Owner LLC as borrower signed a loan agreement with lender First Republic Bank valued at $5 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 10 residential units at 270 West 73rd Street in the Upper West Side. The deal closed on March 3, 2020 and was recorded on June 2, 2020.
The property contains a total of 5,634 square feet of built space. The property has 7,200 square feet of available development rights.
The average loan per buildable square foot is $694.
The last time the property sold was December 14, 2010, for $2,050,000.

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 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $335,100.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link