Bank of America lends $20M on resi condo unit at the Marquand

East 68 Ph LLC as borrower signed a loan agreement with lender Bank of America, N.A. valued at $19.8 million for 1 parcel, including the tax class residential condo in Acris (SC) at The Marquand, a 26-unit condo building at 11 East 68th Street in Lenox Hill. The deal closed on August 29, 2019 and was recorded on September 12, 2019.
The property contains a total of 8,570 square feet of built space.
The average loan per buildable square foot is $2,313.

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