Abraham R. Oved borrows $16M from Santander Bank to refi multifamily property in East Village

Abraham R. Oved through the entity 320-326 RO Village Realty LLC as borrower signed a loan agreement with lender Santander Bank valued at $15.6 million for 4 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 73 residential units at 320 East 6th Street, 322 East 6th Street, 324 East 6th Street, 326 East 6th Street in East Village. The deal closed on March 31, 2020 and was recorded on April 22, 2020.
The property has 40,410 square feet of available development rights.
The average loan per unit is $213,425.
The last time the property sold was April 30, 2015, for $28,100,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $140,475.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link