Michael Aryeh signs $16M refi with Spencer Savings for rental in Washington Heights

Michael Aryeh through the entity Bh 336 Partners LLC as borrower signed a refi loan with lender Spencer Savings Bank valued at $16 million for the 74-unit rental (D7) at 326 Ft Washington Avenue in Washington Heights, Manhattan.
The deal closed on May 24, 2021 and was recorded on June 11, 2021.
The property has 76,536 square feet of built space and 23,001 square feet of additional air rights for a total buildable of 99,618 square feet according to PincusCo analysis of city data. The loan price per built square foot is $209 and the price per buildable square foot is $160 per the PincusCo analysis.
The owner bought the property on 22-Sep-17, for $30.8 million.
The signatory for Michael Aryeh was Michael Aryeh.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $382,050.
Bh 336 Partners LLC has the same location of Michael Aryeh’s Reliance Realty. https://www.reliancerealtynyc.com
The owners according to the Department of Housing Preservation and Development includes Michael Aryeh, head officer and Isaac Aryeh, officer. The business entity is Bh 336 Partners Llc.
Within a 400-foot radius of 326 Ft Washington Avenue, Pincusco identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which SDG Management borrowed $11.0 million from Signature Bank secured by the 77,877-square-foot, 64-unit rental (D7) on 4133 Broadway on June 12, 2020.

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