Elias Masri borrows $15M from Signature Bank for property in Garment District

Elias Masri through the entity Enki Properties LLC as borrower signed a loan agreement with lender Signature Bank valued at $15.0 million for 3 parcels, including the tax class office building with commercial with one to six stories (O5) at 1024 Avenue Of The Americas, 1026 Avenue Of The Americas, 1032 Avenue Of The Americas in Garment District. The deal closed on January 10, 2020 and was recorded on January 16, 2020.
The property has 145,214 square feet of available development rights.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link