Robert Louis Stevenson School borrows $6M from BankUnited for property in the Upper West Side

Robert Louis Stevenson School as borrower signed a loan agreement with lender BankUnited valued at $6.0 million for 1 parcel, including the tax class schools or academies (W3) at 24 West 74th Street in the Upper West Side. The deal closed on September 25, 2019 and was recorded on October 10, 2019.
The property contains a total of 9,518 square feet of built space. The property has 690 square feet of available development rights.
The average loan per buildable square foot is $591.
The last time the property sold was August 31, 2007, for $6,825,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $308,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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