TriArch Management obtained financing of $16M from Dime Community Bank

TriArch Management through the entity 2785 Broadway LLC as borrower signed a loan agreement with lender Dime Community Bank valued at $16.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 83 residential units at 2783 Broadway in Upper West Side. The deal closed on August 07, 2019 and was recorded on August 22, 2019.
The property contains a total of 30,218 square feet of built space. The property has 44,775 square feet of available development rights.
The average loan per unit is $192,771.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $32,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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