301 East 22nd Street cooperative borrows $14M from TD Bank for property in Gramercy

301 East 22nd Street cooperative through the entity 301 East 22nd St. Tenants Corp. as borrower signed a loan agreement with lender Td Bank, N.A. valued at $14.0 million for 1 parcel, including the tax class cooperative (D4) and containing 262 residential units at 382 2nd Avenue in Gramercy. The deal closed on February 20, 2020 and was recorded on March 5, 2020.
The property contains a total of 189,616 square feet of built space.
The average loan per unit is $53,435.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $2,305,850.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link