SJM Partners obtained financing of $15M from TD Bank

SJM Partners through the entity Cs Sjm E 92Nd Street Owner, LLC as borrower signed a loan agreement with lender TD Bank, N.A. valued at $14.9 million for 1 parcel, including the tax class garage with two or more stories (G1) at 428 East 92 Street in Yorkville. The deal closed on July 19, 2019 and was recorded on July 26, 2019.
The property contains a total of 37,765 square feet of built space. The property has 37,765 square feet of available development rights.
The average loan per buildable square foot is $395.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $23,000.There has been one new building permit application totaling 35,790 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link