Moshe Piller borrows $7M from First Republic Bank for rental property in Inwood

Moshe Piller through the entity One Jacobus Place LLC as borrower signed a loan agreement with lender First Republic Bank valued at $6.6 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 84 residential units at 1 Jacobus Place in Inwood. The deal closed on August 29, 2019 and was recorded on September 13, 2019.
The property contains a total of 63,715 square feet of built space.
The average loan per unit is $78,571.
The last time the property sold was July 31, 2012, for $6,850,000.

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