Sugar Hill Capital Partners borrows $25M from Signature Bank for property in Washington Heights

Sugar Hill Capital Partners through the entity 200 Haven Owner, LLC as borrower signed a loan agreement with lender Signature Bank valued at $25.4 million for the 95-unit rental at 200 Haven Avenue in Washington Heights. The deal closed on October 3, 2019 and was recorded on October 8, 2019.
The property contains a total of 124,789 square feet of built space. The property has 32,072 square feet of available development rights.
The average loan per unit is $267,368.
The last time the property sold was July 27, 2017, for $41,000,000.

Over the past five years, there have been 13 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 13 renovation/alteration projects (A2) applied for with a total estimated value of $1,282,300.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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