Carlyle Property borrows $20M from John Hancock for 112-unit rental in Lenox Hill

Carlyle Property Management Group through the entity 64th Street-Third Avenue Associates, LLC as borrower signed a loan agreement with lender John Hancock Life Insurance Company valued at $20 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 112 residential units at Carlton Towers at 200 East 64th Street in Lenox Hill. The deal closed on September 16, 2020 and was recorded on October 1, 2020.
The property contains a total of 215,465 square feet of built space.
The average loan per unit is $178,571.
The signatory for Carlyle was Michael Dimson. Prudential Insurance Company assigned what remained of a loan with a maximum principal of $20.8 million in 2005.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $794,620.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link