Robert Spring as manager borrows $18M from Capital One for property in Parkchester

Robert Spring as manager through the entity Premier Apartments, LLC as borrower signed a loan agreement with lender Capital One valued at $17.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 120 residential units at 1565 Thieriot Avenue in Parkchester. The deal closed on September 16, 2019 and was recorded on October 3, 2019.
The property contains a total of 130,500 square feet of built space.
The average loan per unit is $147,500.
The last time the property sold was February 17, 2010, for $5,480,929.

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 $63,140.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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