David Levinson, CEO of L&L Holding through the entity 11 East 69th Street Redevelopment Associates LLC as borrower signed a loan agreement with lender Wells Fargo Bank valued at $20 million for a two-unit townhouse (B9) at 11 East 69th Street in Lenox Hill. The deal closed on September 20, 2019 and was recorded on October 2, 2019.
The property contains a total of 13,792 square feet of built space.
The average loan per buildable square foot is $1,450.
The last time the property sold was July 1, 2004, when Levinson bought it for $9,500,000. A prior loan of $5 million from TD Bank was paid off a month before this new loan was issued.
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 $100,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link