SDG Management borrows $18M from Arbor Realty Trust for property in Hamilton Heights

Darin S. Goldstein SDG Management through the entity 3661 Broadway Associates LLC as borrower signed a loan agreement with lender Arbor Private Label, LLC valued at $17.7 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 56 residential units at 3661 Broadway in Hamilton Heights. The deal closed on April 16, 2020 and was recorded on April 21, 2020.
The property contains a total of 72,360 square feet of built space.
The average loan per unit is $316,071.
The last time the property sold was November 14, 2018, when SDG bought it for $21,795,000.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $581,910.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Correction: An earlier version of this post incorrectly identified Darin Goldstein’s last name. This post has been updated with the correct name.