York River House cooperative in Lenox Hill borrows $10M from Apple Bank For Savings

York River House cooperative through the entity Yrh Owners Corporation as borrower signed a loan agreement with lender Apple Bank For Savings valued at $10.0 million for 1 parcel, including the tax class condop (R9) and containing 228 residential units at 1175 York Avenue in Lenox Hill. The deal closed on May 11, 2020 and was recorded on May 19, 2020.
The property contains a total of 304,510 square feet of built space.
The average loan per unit is $43,860.
The last mortgage was for $9.25 million from New York Community Bank in 2013.

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