Palin Enterprises borrows $5M from New York Community Bank for property in Yorkville

Palin Enterprises through the entity 235 East 80th Street, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 35 residential units at 235 East 80th Street in Yorkville. The deal closed on September 17, 2019 and was recorded on September 26, 2019.
The property contains a total of 14,230 square feet of built space. The property has 6,181 square feet of available development rights.
The average loan per unit is $149,571.

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