Multifamily -Urban Bay Financial LLC

$15.6M Multifamily

Development of a 19-Unit Multifamily Condominium in New York, NY

Borrower requested a $15.6M loan to construct an 8-Story residential condominium building consisting of 19 market rate residential units. The building amenities will include virtual doorman and in-unit washer/dryers in each unit as well as high end fixtures, finishes, and appliances in keeping with the upscale nature of similar local luxury properties.

The building’s 19,794 gross square feet will afford approximately 16,622 square feet of living space. The subject property is in the East Harlem neighborhood of Upper Northern Manhattan, New York. The neighborhood is classified as being bound by West 143rd Street to the north, the Harlem River and the FDR Drive to the east, East 96th Street to the south, Central Park, and 5th Avenue to the west. It lies within Manhattan Community District 11. For More Information Contact us