201 East Broadway

Lower East Side, Manhattan

Parcel ID (BBL): 1002850025

Acris records

Owner: Otl Enterprises

Acquired: June 20, 2025, $800,000

Debt: June 20, 2025, $4 million

Built: 2017

Renovated: 2017

SF: 22,694

Dwelling units: 10

No. of buildings: 1

Class: Semi-Fireproof With Stores (D7)

Floors: 7

Legacy BBLs: 1002850024

Transactions:

OTL Enterprises borrowed $4 million from Metropolitan Commercial Bank for 201-203 East Broadway, Lower East Side, Manhattan on June 20, 2025.

Kranthi Vallabhaneni sold 201-203 East Broadway, Lower East Side, Manhattan for $800,000 to OTL Enterprises on June 20, 2025.

• Kranthi Vallabhaneni on June 04, 2024 bought a loan with an original principal of $17 million from 5 Arch Funding Corp., signed by Timothy Gannaway, secured by 201 East Broadway, Lower East Side, Manhattan, when owned by Jeffrey Jacobs|Therese Oliva.

Development:

• Paul Reehling filed new building job M01368684 for 20,271 sqft R-2 building with 21 apartments in Lower East Side, Manhattan, on March 25, 2026.

• Jeffrey Jacobs filed new building job 122557928 for 20,457 sqft R-2 building with 10 apartments in Lower East Side, Manhattan, on October 20, 2015.

• Paul Reehling filed alteration job M01327261 for 1 sqft R-2 building with 10 apartments in Lower East Side, Manhattan, on December 11, 2025.

• Paul Reehling filed alteration job M01285729 for 150 sqft building with 0 apartments in Lower East Side, Manhattan, on September 16, 2025.

• Daniel Wise filed alteration job 123101703 for R-2 building with 10 apartments in Lower East Side, Manhattan, on June 22, 2017.

• Daniel Wise filed alteration job 123101696 for R-2 building with 10 apartments in Lower East Side, Manhattan, on June 22, 2017.

• Daniel Wise filed alteration job 121232932 for R-2 building with 10 apartments in Lower East Side, Manhattan, on June 16, 2017.

Most recent Schedule of Occupancy

Most recent Zoning Diagram (ZD1)

Litigation:

• Penguin Financial Management and Shawn Brazo filed a $1,000,000 lawsuit against Daniel Wise on September 23, 2021,seeking a money judgment related to loanat East Broadway.

• A $18.1 million pre-foreclosure was filed on August 13, 2021, against Jeffrey Jacobs at East Broadway.

Condominium:

• Paul Reehling filed plans CD170289 on October 11, 2017 for 12-unit condominium called 201 East Broadway Condominium at 201 East Broadway.

Violations:

According to city public data, the properties have received one DOB violation, $3,810 in ECB penalties, and $3,810 in OATH penalties in the last year.

Leave a Reply