Moshe Mehlman borrows $6M from Greystone Servicing for property in Washington Heights

Moshe Mehlman through the entity Home 830 West 177th LLC as borrower signed a loan agreement with lender Greystone & Company which was then assigned to Fannie Mae, valued at $6.0 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 42 residential units at 830 West 177th Street in Washington Heights. The deal closed on October 31, 2019 and was recorded on November 12, 2019.
The property contains a total of 35,200 square feet of built space. The property has 53,105 square feet of available development rights.
The average loan per unit is $142,857.
The last time the property sold was October 22, 2012, for $4,300,000.

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 $32,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link