S.W. Management borrows $22M from Capital One for multifamily property in the Upper West Side

Alan Wasserman’s S.W. Management through the entity 910 W.E.A. Realty LLC as borrower signed a loan agreement with lender Capital One National Association valued at $21.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 90 residential units at 908 West End Avenue in the Upper West Side. The deal closed on December 11, 2019 and was recorded on January 3, 2020.
The property contains a total of 120,542 square feet of built space.
The average loan per unit is $238,889.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $1,497,775.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link