Maverick sells $22M note secured by Ashkenazy retail

The entity NY Opportunity Capital Co. bought a note with an original principal of $22 million from Maverick Real Estate Partners secured by Ashkenazy Acquisition Corp.’s retail property (G1) at 4168 Broadway in Washington Heights, Manhattan.
The deal closed on August 17, 2021 and was recorded on September 3, 2021.
The property has 85,176 square feet of built space according to PincusCo analysis of city data.
The owner bought the property on 11/16/12, for $11.8 million.

The $22 million was initially given by BankUnited in 2015, then the note was sold in March 2021 to Maverick Real Estate Partners, which then sold it to the new note owner, NY Opportunity Capital Co., in care of the attorney Sharon Berger.

Within a 400-foot radius of 4168 Broadway, PincusCo identified three commercial real estate items of interests occurred over the past 24 months.
Of those three items, three were loans above $5 million totaling $84 million. The most recent of the three was Stellar Management which borrowed $10 million from Signature Bank secured by the 75,381-square-foot, 49-unit rental (D7) on 701 West 177th Street on August 20, 2021.

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