Leopold Berkowitz borrows $10M from Investors Bank for property in Pelham Parkway

Leopold Berkowitz through the entity 1235 Pelham Parkway Realty LLC as borrower signed a loan agreement with lender Investors Bank valued at $10 million for 1 parcel, including the tax class nursing home (I6) at 2211 Throop Avenue in Pelham Parkway. The deal closed on May 28, 2020 and was recorded on June 3, 2020.
The property contains a total of 62,212 square feet of built space.
The average loan per buildable square foot is $161.
The debt package includes a new mortgage of $4.7 million.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $173,330.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link