A $25.1 million first mortgage secured by three adjacent buildings at 272-276 West 86th Street is on the market according to The Real Deal. The loan was used to refinance 272 West 86th Street and aquire 274 and 276 West 86th Street, as well as fund tenant buyouts and pre-development costs at the properties. The pre-war walk up buildings are each 5 stories and have a combinred 18,645 square feet spread out over 30 units. The lot allows for 61,290 buildable square feet.At the same time, community efforts are underway to Save the West 86th Street Townhouses. A petition … (11 comments)
;)
;)
;)
