Lisa Vider borrows $22.9M from Investors Bank for property in Coney Island

Lisa Vider through the entity Oceanview Manor Acquisition I, LLC as borrower signed a loan agreement with lender Investors Bank valued at $22.9 million for 1 parcel, including the tax class adult care facility (I7) at 3301 Surf Avenue in Coney Island. The deal closed on December 10, 2020 and was recorded on December 17, 2020.
The property contains a total of 51,536 square feet of built space.
The average loan per buildable square foot is $444.
The debt was nearly tripled from the prior maximum amount of $6.8 million. The last time the property sold was July 8, 2005 for $4,000,000.
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 $163,470.

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