RISEBORO COMMUNITY PARTNERSHIP obtained financing of $36M from RISEBORO COMMUNITY PARTNERSHIP

RISEBORO COMMUNITY PARTNERSHIP through the entity CASA PASIVA HOUSING DEVELOPMENT FUND CORPORATION as borrower signed a loan agreement with lender NEW YORK STATE HOUSING FINANCE AGENCY, valued at $36.5 million for 8 parcels, including the tax class cooperative (C6) and containing 146 residential units at 75 Linden Street, 108 Grove Street, 110 Grove Street, 116 Grove Street, 93 Stockholm Street, and others in Bushwick. The deal closed on June 20, 2019 and was recorded on July 15, 2019.
The property contains a total of 142,977 square feet of built space. The property has 9,450 square feet of available development rights.
The average loan per unit is $249,912.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $714,070.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article