Miguel Luna borrows $5.9M from Bank Of Hope to buy retail in Inwood

Miguel Luna through the entity 4910 Inwood Realty LLC as borrower signed a loan agreement with lender Bank Of Hope valued at $5.9 million for 1 parcel, including the tax class one-story store building (K1) at 4910 Broadway in Inwood. The deal closed on March 4, 2021 and was recorded on March 17, 2021.
The property contains a total of 9,200 square feet of built space. The property has 9,200 square feet of available development rights.
The average loan per buildable square foot is $643.
The last time the property sold was May 30, 2013 for $1,056,250.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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