Rosen family’s Nesor Associates borrows $69M from Greystone Servicing Company LLC for rental property in Midtown West

November 4, 2019 5:31 am

Rosen family’s Nesor Associates through the entity Capitol Apartments Housing Development Fund Corp. as borrower signed a loan agreement with lender Greystone & Co. valued at $68.5 million for 1 parcel, including the tax class multifamily, luxury type (D8) and containing 278 residential units at 834 8th Avenue in Midtown West. The deal closed on October 30, 2019 and was recorded on November 1, 2019. The loan was subsequently assigned to Fannie Mae.
The property contains a total of 215,099 square feet of built space.
The average loan per unit is $246,403.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $904,254.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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