Maverick buys $22M note from BankUnited secured by Ashkenazy property

April 9, 2021 7:50 am

Maverick Real Estate Partners bought a $22 million note from BankUnited secured by Ashkenazy Acquisition’s garage with two or more stories (G1) at 4168 Broadway in Washington Heights. The deal closed on March 29, 2021 and was recorded on April 8, 2021.
The property contains a total of 85,176 square feet of built space.

The last time the property sold was November 16, 2012, when Ashkenazy acquired it for $11,750,000. In 2015, Ashkenazy nearly doubled the debt, adding $9.94 million in a gap loan from BankUnited to an existing loan, bringing the total debt to the $22 million.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $35,000.

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