298 East Village Owner LLC obtained financing of $8M from 298 East 2nd Lender LLC

298 East Village Owner LLC as borrower signed a loan agreement with lender 298 East 2nd Lender LLC valued at $8.3 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 7 residential units at 298 East 2 Street in East Village. The deal closed on August 02, 2019 and was recorded on August 23, 2019.
The property contains a total of 15,236 square feet of built space. The property has 662 square feet of available development rights.
The average loan per buildable square foot is $523.
The last time the property sold was October 02, 2015, for $7,033,333.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 13,917 square feet. Those plans include a total of 7 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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