Behrooz Hedvat borrows $17.1M from Signature Bank for 13-unit rental in Carnegie Hill

Behrooz Hedvat through the entity 93Rd Partners LLC as borrower signed a loan agreement with lender Signature Bank valued at $17.1 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 13 residential units at 135 East 93rd Street, 156 Delancey Street, and 1022 Lexington Avenue in Carnegie Hill. The deal closed on February 26, 2021 and was recorded on March 9, 2021.
The property contains a total of 13,360 square feet of built space.
The average loan per unit is $1,315,385.
The last time the property sold was November 14, 2019 for $18,000,000.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $205,000.

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