Behrooz Hedvat borrows $28M from Ladder Capital for three properties purchased from Ashkenazy Acquisition

Behrooz Hedvat through the entity 93rd Partners LLC as borrower signed a loan agreement with lender Ladder Capital Finance LLC valued at $28.3 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, 1022 Lexington Avenue, 156 Delancey Street in Carnegie Hill. The deal closed on November 14, 2019 and was recorded on November 22, 2019.
Hedvat purchased three properties from Ben Ashkenazy’s Ashkenazy Acquisition for $43 million, in transactions recorded last week.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 9 residential (or hotel) units on May 13, 2013.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $160,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link