Acadia Realty Trust obtained financing of $37M from BANK OF AMERICA

Acadia Realty Trust through the entity 1035 THIRD AVENUE LLC as borrower signed a loan agreement with lender BANK OF AMERICA, NA valued at $36.6 million for 3 parcels, including the tax class other (OT) at 200 East 62nd Street, in Lenox Hill. The deal closed on June 28, 2019 and was recorded on July 11, 2019.
The property contains a total of 51,715 square feet of built space.
The average loan per buildable square foot is $707.
The last time the property sold was January 28, 2015, for $15,036,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article