174 Old Charlotte Terrace LLC obtained financing of $7M from Wells Fargo Bank

174 Old Charlotte Terrace LLC as borrower signed a loan agreement with lender Wells Fargo Bank, N.A. valued at $6.7 million for 1 parcel, including the tax class two-family, brick (B1) and containing 2 residential units at 174 East 70 Street in Lenox Hill. The deal closed on July 08, 2019 and was recorded on July 31, 2019.
The property contains a total of 7,273 square feet of built space. The property has 3,363 square feet of available development rights.
The average loan per buildable square foot is $924.
The last time the property sold was May 08, 2017, for $11,200,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $40,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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