Shpresa Xhakli borrows $10M from Capital One for multifamily property in Riverdale

Shpresa Xhakli through the entity GENC Realty LLC as borrower signed a loan agreement with lender Capital One valued at $10.3 million for 4 parcels, including the tax class multifamily, semi-fireproof with stores (D7) and containing 324 residential units at 3235 Grand Concourse, 3235 Grand Concourse, 3235 Grand Concourse, 3235 Grand Concourse in Riverdale. The deal closed on March 6, 2020 and was recorded on March 24, 2020.
The property has 438,959 square feet of available development rights.
The average loan per unit is $31,790.

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 was one renovation/alteration project (A2) applied for with a total estimated value of $64,280.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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