Skyline 3694 LLC obtained financing of $6M from Arbor Agency Lending

Skyline 3694 LLC as borrower signed a loan agreement with lender Arbor Agency Lending, LLC valued at $5.8 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 24 residential units at 3694 Broadway in Hamilton Heights. The deal closed on June 28, 2019 and was recorded on July 25, 2019.
The property contains a total of 22,572 square feet of built space. The property has 7,500 square feet of available development rights.
The average loan per unit is $239,583.
The last time the property sold was April 24, 2018, for $6,255,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $110,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link