Trevor Day School borrows $62M from Dormitory Authority of The State of New York for property in Yorkville

Trevor Day School through the entity Trevor Day School as borrower signed a loan agreement with lender Dormitory Authority of The State of New York valued at $62.5 million for 1 parcel, including the tax class private schools (W8) at 312 East 95th Street in Yorkville. The deal closed on January 23, 2020 and was recorded on January 31, 2020.
The property contains a total of 101,243 square feet of built space.
The average loan per buildable square foot is $617.
The private school is replacing $65.5 million in 2011 debt with $62 million.The last time the property sold was September 24, 2007, for $25,000,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on May 13, 2015.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link