Yeshivath Toldos Yakov Of Papa, Inc obtained financing of $11M from Maimonides Medical Center

Yeshivath Toldos Yakov Of Papa, Inc as borrower signed a loan agreement with lender Maimonides Medical Center valued at $10.5 million for 2 parcels, including the tax class parochial schools, yeshivas (W2) and containing 2 residential units at 4706 10 Avenue, 3801 Ft Hamilton Parkway in Kensington. The deal closed on August 15, 2019 and was recorded on August 23, 2019.
The property contains a total of 23,133 square feet of built space. The property has 1,129 square feet of available development rights.
The average loan per buildable square foot is $379.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on February 07, 2018.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $95,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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