The Cryder House, Inc. obtained financing of $12M from National Consumer Cooperative Bank

The Cryder House, Inc. as borrower signed a loan agreement with lender National Consumer Cooperative Bank valued at $11.5 million for 1 parcel, including the tax class cooperative (D4) and containing 237 residential units at 166-25 Powells Cove Blvd in Whitestone. The deal closed on August 15, 2019 and was recorded on August 28, 2019.
The property contains a total of 463,500 square feet of built space.
The average loan per unit is $48,523.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $253,935.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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