Estate of Fred Mengoni borrows $11M from Sterling National Bank for multifamily property in Lenox Hill

The estate of Fred Mengoni through the entity Charles Small, As Preliminary Executor as borrower signed a loan agreement with lender Sterling National Bank valued at $10.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 92 residential units at 329 East 63rd Street in Lenox Hill. The deal closed on November 1, 2019 and was recorded on November 8, 2019.
The property contains a total of 47,808 square feet of built space.
The average loan per unit is $114,130.

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