UWS co-op Normandy refis with $25M from Apple Bank

Normandy co-op through the entity Normandy Owners Corp. as borrower signed a loan agreement with lender Apple Bank For Savings valued at $25 million for 1 parcel, including the tax class cooperative (D4) and containing 249 residential units at The Normandy at 140 Riverside Drive in the Upper West Side. The deal closed on August 27, 2020 and was recorded on September 14, 2020.
The property contains a total of 372,186 square feet of built space.
The average loan per unit is $100,402.
The financing includes $2.66 million in new debt and refinanced a loan that has a maximum value of $26.15 million.

Over the past five years, there have been 35 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 35 renovation/alteration projects (A2) applied for with a total estimated value of $4,498,204.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link