Limestone Associates LLC obtained financing of $6M from Santander Bank

Limestone Associates LLC as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $6.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 32 residential units at 2733 Broadway in Upper West Side. The deal closed on June 24, 2019 and was recorded on July 19, 2019.
The property contains a total of 37,359 square feet of built space. The property has 9,189 square feet of available development rights.
The average loan per unit is $187,500.
The last time the property sold was September 01, 2007, for $2,865,498.

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

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