302 East 3rd Street Associates, LLC obtained financing of $7M from Capital One

302 East 3rd Street Associates, LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $7.0 million for 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 21 residential units at 302 East 3 Street in East Village. The deal closed on July 26, 2019 and was recorded on August 05, 2019.
The property contains a total of 19,167 square feet of built space. The property has 1,197 square feet of available development rights.
The average loan per unit is $330,952.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $788,945.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link