Artist Jeff Koons modifies $35M loan from Goldman Sachs for Lenox Hill mansion

Jeff Koons through the entity 11 E 67, LLC as borrower signed a loan agreement with lender Goldman Sachs Bank valued at $35 million for 1 parcel, including the tax class multifamily, five to six families (C2) and containing 5 residential units at 11 East 67th Street in Lenox Hill. The deal closed on June 10, 2020 and was recorded on October 29, 2020.
The property contains a total of 17,838 square feet of built space.
The average loan per buildable square foot is $1,893.
This modifies and extends the $35 million loan provided in December 2018.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on July 29, 2019.
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 $4,850,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $786,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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