Chun Ka Luk borrows $15M from TD Bank for office property in Plaza District

Chun Ka Luk through the entity Lee Tai Enterprises U.S.A., Ltd. as borrower signed a loan agreement with lender Td Bank, N.A. valued at $14.6 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 420 Madison Avenue in Plaza District. The deal closed on February 13, 2020 and was recorded on February 25, 2020.
The property contains a total of 46,167 square feet of built space.
The average loan per buildable square foot is $316.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $472,145.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link