Robert Rosenberg as signatory borrows $17M from Signature Bank for 45-unit rental in Washington Heights

Robert Rosenberg through the entity 4240 Broadway L.P. as borrower signed a loan agreement with lender Signature Bank valued at $17.3 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 45 residential units at 4240 Broadway in Washington Heights. The deal closed on December 22, 2020 and was recorded on February 4, 2021.
The property contains a total of 59,200 square feet of built space.
The average loan per unit is $383,333.

Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $812,225.
Direct link to Acris document. link