Peter Hauspurg borrows $12M from M&T Realty Capital Corporation for multifamily property in Washington Heights

Peter Hauspurg through the entity 940 St. Nicholas LLC as borrower signed a loan agreement with lender M&T Realty Capital Corporation valued at $12.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 73 residential units at 940 St Nicholas Avenue in Washington Heights. The deal closed on March 20, 2020 and was recorded on March 23, 2020.
The property contains a total of 88,170 square feet of built space.
The average loan per unit is $165,685.
The last time the property sold was October 12, 2004, for $6,800,000.

Over the past five years, there have been 10 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 10 renovation/alteration projects (A2) applied for with a total estimated value of $1,156,068.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link