Terencia Conejero refis $8.9M with New York Community for 30 units in East Village

Terencia Conejero through the entity TNF Realty, LLC as borrower signed a loan agreement with lender New York Community Bank valued at $8.9 million for one parcel, including the tax class multifamily, more than six families with stores (C7) and containing 30 residential units at 159 1st Avenue in East Village. The deal closed on November 2, 2020 and was recorded on December 15, 2020.
The property contains a total of 16,548 square feet of built space.
The average loan per unit is $295,000.

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 $64,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link