Abraham Sanieoff obtained financing of $12M from First Republic Bank

August 27, 2019 PincusCo Media

Abraham Sanieoff through the entity 108-116 Winthrop Road LLC as borrower signed a loan agreement with lender First Republic Bank valued at $12.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 32 residential units at 37 7 Avenue in West Village. The deal closed on August 14, 2019 and was recorded on August 26, 2019.
The property contains a total of 22,998 square feet of built space.
The average loan per unit is $375,000.

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. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $196,005.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Transfer type: Loan
Transfer date: 8/27/2019 5:10 am
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