Yousef Lati gets $8M construction loan from Kearny Bank for property in Fordham

Yousef Lati through the entity 2434-2436 Walton Avenue LLC as borrower signed a loan agreement with lender Kearny Bank valued at $8 million for 2 parcels, including the tax class two-family, frame (B2) and containing 5 residential units at 2434 Walton Avenue and 2436 Walton Avenue in Fordham. The deal closed on January 25, 2021 and was recorded on February 24, 2021.

The last time the property sold was January 9, 2020 for $585,000.
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.

There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.

Direct link to Acris document. link