Vincent Theurer borrows $5M from TD Bank for property acquisition in Sunset Park

Vincent Theurer through the entity VM Realty 8, LLC as borrower signed an acquisition loan agreement with lender TD Bank valued at $5.4 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 49 residential units at 417 40th Street in Sunset Park. The deal closed on June 11, 2020 and was recorded on June 29, 2020.
The property contains a total of 42,684 square feet of built space.
The average loan per unit is $110,204.

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