1892-1896 University Avenue

Joel Wieder obtained a $17.2 million refinance loan from Valley National Bank for a 47-unit development located at 1892-1896 University Avenue in Morris Heights, Bronx. The loan will facilitate the completion of a new building construction project for the 47-unit residential building, with plans submitted by Chaim Schwartz and permitted in January 2023. The property, previously financed by NorthEast Community Bank, has a total lot size of 9,026 square feet and is zoned for residential use.