Sutton Management signs $15M refi with Santander Bank for rental in Central Harlem

Sutton Management Corp. through the entity 1801 Associates, LLC as borrower signed a refi loan with lender Santander Bank valued at $15 million for the 41-unit rental (D7) at 2272 Fredrick Douglass Boulevard in Central Harlem, Manhattan.
The deal closed on April 1, 2021 and was recorded on June 1, 2021.
The property has 35,759 square feet of built space and 0 square feet of additional air rights for a total buildable of 30,100 square feet according to PincusCo analysis of city data. The loan price per built square foot is $418 per the PincusCo analysis.
The owner bought the property on 3-Mar-06, for $1.9 million.
The signatory for Sutton Management Corp. was Abraham M. Sutton.
(104735324)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 41 residential units on June 6, 2014.
The owners according to the Department of Housing Preservation and Development includes Abraham Sutton, head officer and Samuel Sutton, officer. The business entity is 1801 Associates LLC.

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