Winston Churchill co-op borrows $16M from National Consumer Cooperative Bank for property in University Heights

The cooperative Winston Churchill Owners Corp. as borrower signed a loan agreement with lender National Consumer Cooperative Bank valued at $15.5 million for the cooperative building (D4) that containing 339 residential units at 2500 Johnson Avenue in University Heights. The deal closed on September 27, 2019 and was recorded on October 4, 2019.
The property contains a total of 466,400 square feet of built space.
The average loan per unit is $45,723.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $668,447.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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