Morris Schreiber borrows $6M from New York Community Bank for property in the Upper West Side

Morris Schreiber through the entity 317 W. 98th Street LLC as borrower signed a loan agreement with lender New York Community Bank valued at $6.0 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 42 residential units at 313 West 98th Street in the Upper West Side. The deal closed on September 24, 2019 and was recorded on September 27, 2019.
The property contains a total of 58,300 square feet of built space.
The average loan per unit is $142,857.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $35,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article