Stevesam 967 Realty LLC obtained financing of $9M from Investors Bank

Stevesam 967 Realty LLC as borrower signed a loan agreement with lender Investors Bank valued at $8.7 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 18 residential units at 967 Columbus Avenue, 971 Columbus Avenue in Upper West Side. The deal closed on July 17, 2019 and was recorded on August 01, 2019.
The property contains a total of 20,104 square feet of built space. The property has 1,357 square feet of available development rights.
The average loan per unit is $483,333.
The last time the property sold was March 06, 2013, for $5,714,704.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 10 residential (or hotel) units on February 21, 2017.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $273,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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