Milkjor Shllaku borrows $8M from Capital One for property in Tremont

Milkjor Shllaku through the entity Shllaku Holdings LLC as borrower signed a loan agreement with lender Capital One valued at $8.0 million for 4 parcels, including the tax class multifamily, over six families without stores (C1) and containing 107 residential units at 1775 Eastburn Avenue, 1769 Eastburn Avenue, 1761 Eastburn Avenue, 1755 Eastburn Avenue in Tremont. The deal closed on September 13, 2019 and was recorded on September 24, 2019.
The property contains a total of 21,785 square feet of built space. The property has 63,337 square feet of available development rights.
The average loan per unit is $74,766.
The last time the property sold was May 4, 2010, when Shllaku purchased two of the parcels for $2,717,460.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $120,350.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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