Uzi Shvut borrows $8M from Citi Real Estate Funding Inc. for property in Fordham

Uzi Shvut through the entity 114 Fordham Associates L.P. as borrower signed a loan agreement with lender Citi Real Estate Funding Inc. valued at $7.5 million for 1 parcel, including the tax class two-story or store and office (K2) at 118 East Fordham Road in Fordham. The deal closed on August 28, 2019 and was recorded on September 18, 2019.
The property contains a total of 7,848 square feet of built space. The property has 5,651 square feet of available development rights.
The average loan per buildable square foot is $556.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link