New York Community Bank provides $52m on CPW apartments

New York Community Bank has provided $52 million in loans to refinance an apartment building at 315 Central Park West on Manhattan’s Upper West Side.

New York Community Bank has provided $52 million in loans to refinance an apartment building at 315 Central Park West on Manhattan’s Upper West Side.

City property records show that that the bank provided previous financing on The Brookford, in the amount of $15 million, in March of 2010.

Built in the early 1900s and designed by architects Schwartz & Gross, the property sits directly across the street from Central Park and consists of 51 apartment units.

New York Community Bank specializes in multifamily financing across New York City and its outer boroughs. In May the bank provided a $56 million loan for a development project in the Long Island City neighborhood of Queens, New York.

In April the bank provided a $105 million mortgage to Harbor Group International and partner York Equities for the purchase a 38-building multifamily portfolio in the Bronx. And in March the bank wrote a $128 million acquisition loan on the 656-unit Devonshire Hills multifamily property in Long Island, New York.

The Brookford lies within the Central Park West Historic District, which was federally recognized in 1982 when it was added to the National Register of Historic Places and includes properties stretching between 61st and 97th Streets on Central Park’s western edge.

 

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