Abraham Daniels borrows $23M from Bank Leumi for multifamily property in Little Italy

Abraham Daniels and A.D. Real Estate Investors through the entity Elizabeth Street Properties, LLC as borrower signed a loan agreement with lender Bank Leumi Usa valued at $23.2 million for 3 parcels, including the tax class multifamily, old law tenements (C4) and containing 30 residential units at 117 Elizabeth Street, 115 Elizabeth Street, 113 Elizabeth Street in Little Italy. The deal closed on February 20, 2020 and was recorded on March 18, 2020.

The average loan per unit is $774,357.
The last time the property sold was March 19, 2015, for $26,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $25,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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