Start Treatment & Recovery Centers, Inc. borrows $7M from Sterling National Bank for property in East Harlem

Start Treatment & Recovery Centers, Inc. as borrower signed a loan agreement with lender Sterling National Bank valued at $6.8 million for 1 parcel, including the tax class office building with two to six stories (O2) at 2191 3rd Avenue in East Harlem. The deal closed on September 26, 2019 and was recorded on October 16, 2019.
The property contains a total of 15,765 square feet of built space. The property has 25,293 square feet of available development rights.nThe average loan per buildable square foot is $166.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 25, 2015.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $272,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link