Nursing home owner borrows $13.8M from Housing & Healthcare Finance in Longwood Melrose

Helen Webster through the entity Sheffah Group Realty, LLC as borrower signed a loan agreement with lender Housing & Healthcare Finance, LLC valued at $13.8 million for 1 parcel, including the tax class nursing home (I6) at 3525 Baychester Avenue in Longwood Melrose. The deal closed on October 29, 2020 and was recorded on November 4, 2020.
The property contains a total of 80,844 square feet of built space.
The average loan per buildable square foot is $171.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $123,250.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Susana S. Araoz