Transition Acquisitions borrows $5M from Axos Bank for property in Kensington

Transition Acquisitions through the entity 4202 13 Ave LLC as borrower signed a loan agreement with lender Axos Bank valued at $5.0 million for 3 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 4202 13th Avenue, 4204 13th Avenue, 4206 13th Avenue in Kensington. The deal closed on September 27, 2019 and was recorded on October 10, 2019.

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 has been one new building permit application totaling 9,606 square feet. There has been one demolition project filed for the parcels over the past five years. The demolition included 4 residential units.
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Direct link to the city’s interactive property map, ZOLA. link

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