East 17th LLC obtained financing of $9M from New York Community Bank

East 17Th LLC as borrower signed a loan agreement with lender New York Community Bank valued at $9.1 million for 2 parcels, including the tax class multifamily, miscellaneous (D9) and containing 60 residential units at 135 East 17 Street, 188 3 Avenue in Gramercy. The deal closed on July 11, 2019 and was recorded on July 29, 2019.
The property contains a total of 46,089 square feet of built space. The property has 14,377 square feet of available development rights.
The average loan per unit is $151,985.
The last time the property sold was April 10, 2006, for $8,350,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $37,950.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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