Refik Radoncic borrows $14M from Sterling National Bank for property in Bronx

Refik Radoncic through the entity 3128 LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $13.5 million for 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 3128 Henry Hudson Pkwy East in Bronx. The deal closed on August 29, 2019 and was recorded on September 30, 2019.
The property contains a total of square feet of built space. The property has 41,196 square feet of available development rights.
The average loan per buildable square foot is $328.
The last time the property sold was March 27, 2018, for $1,700,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 39,500 square feet. Those plans include a total of 46 residential or hotel units. There have been 2 demolition projects filed over the past five years. The demolition included 6 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article