Michael Fascitelli’s Imperial Companies borrows $65M from Reuben Brothers for units in Apthorp in UWS

Michael Fascitelli’s Imperial Companies through the entity IT 2211 Owner LLC as borrower signed a loan agreement with the Swiss-based lender Reuben Brothers Limited valued at $65 million for 56 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 56 residential units at the Apthorp at 390 West End Avenue in the Upper West Side. The deal closed on February 14, 2020 and was recorded on March 18, 2020.

The average loan per unit is $1,160,714.
The last time the property sold was September 7, 2016, when Imperial and Thor Equities acquired 70 unsold units in the building for $112 million.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link