Sugar Hill Capital Partners borrows $8M from Signature Bank to refi multifamily property in Inwood

Sugar Hill Capital Partners through the entity 100 Cooper Residences, LLC as borrower signed a loan agreement with lender Signature Bank valued at $7.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 100 Cooper Street in Inwood. The deal closed on April 2, 2020 and was recorded on April 10, 2020.
The property contains a total of 30,896 square feet of built space.
The average loan per unit is $164,583.
The last time the property sold was December 14, 2016, for $12,900,000.

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 $252,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link