Peter Hauspurg refinances $9M from M&T Bank for multifamily property in Hamilton Heights

Peter Hauspurg through the entity 3612 Broadway Partners LLC as borrower signed a loan agreement with lender M&T Bank to Freddie Mac through the entity M&T Realty Capital Corporation valued at $8.8 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 21 residential units at 3612 Broadway in Hamilton Heights. The deal closed on March 20, 2020 and was recorded on March 25, 2020.
The property contains a total of 36,624 square feet of built space. The property has 45,174 square feet of available development rights.
The average loan per unit is $420,714.
The last time the property sold was January 1, 2011, for $2,121,190.

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 $563,617.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link