Shayner Klein borrows $9M from Westchester Bank for development in Tremont

Shayner Klein through the entity Bronx Gardens LLC as borrower signed a loan agreement with lender The Westchester Bank valued at $8.9 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 34 residential units at 2004 Davidson Avenue in Tremont. The deal closed on August 20, 2020 and was recorded on August 26, 2020.
The property contains a total of 27,326 square feet of built space.
The average loan per unit is $261,324.
The financing included $3.4 million in new debt.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 23,643 square feet. Those plans include a total of 34 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link