Yeled V’Yalda Early Childhood Center borrows $33M from Citibank for property in Kensington

Yeled V’Yalda Early Childhood Center Inc. as borrower signed a loan agreement with lender Citibank valued at $32.5 million for 2 parcels, including the tax class office building with commercial with one to six stories (O5) at 1312 38th Street, 1263 38th Street in Kensington. The deal closed on April 30, 2020 and was recorded on May 4, 2020.

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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $99,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link