29 Clinton Street Associates L.P. obtained financing of $10M from Santander Bank

29 Clinton Street Associates L.P. as borrower signed a loan agreement with lender Santander Bank, N.A. valued at $10.0 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 29 residential units at 168 Stanton Street, 287 East 4 Street in Lower East Side. The deal closed on June 28, 2019 and was recorded on July 30, 2019.
The property contains a total of 18,773 square feet of built space. The property has 2,201 square feet of available development rights.
The average loan per unit is $344,828.

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 $75,790.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link