Riseboro Community Partnership obtained financing of $37M from Sterling National Bank and the City of New York

Riseboro Community Partnership through the entity Woodlawn Senior Living Hdfc as borrower signed a loan agreement with lender Sterling National Bank and the City of New York valued at $37.5 million for 2 parcels, including the tax class miscellaneous (K9) at 63 East 233 Street, 69 East 233 Street in Woodlawn. The deal closed on August 15, 2019 and was recorded on August 28, 2019.
The last time the property sold was April 17, 2017, for $1,085,250.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $430,300. There have been 4 demolition projects filed over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link