Labe Twerski borrows $16.6M from New York Community for property in Pelham Parkway

Labe Twerski through the entity GL Botanical LLC as borrower signed a loan agreement with lender New York Community Bank valued at $16.6 million for 2 parcels, including the tax class multifamily, semi-fireproof with stores (D7) and containing 188 residential units at 2985 Botanical Square, 2995 Botanical Square in Pelham Parkway. The deal closed on November 5, 2020 and was recorded on November 12, 2020.

The average loan per unit is $88,255.
The last time the property sold was January 27, 2014, for $17,050,000.

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 renovation/alteration projects (A2) applied for with a total estimated value of $162,565.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link