192 East 3 Realty LLC obtained financing of $5M from Signature Bank

192 East 3 Realty LLC as borrower signed a loan agreement with lender Signature Bank valued at $5.4 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 20 residential units at 192 East 3 Street in East Village. The deal closed on August 09, 2019 and was recorded on August 21, 2019.
The property contains a total of 9,270 square feet of built space. The property has 1,002 square feet of available development rights.
The average loan per unit is $270,000.
The last time the property sold was May 01, 2014, for $4,600,000.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $347,100.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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