Gidi Cohen borrows $11M from Israel Discount Bank for multifamily property in Yorkville

Gidi Cohen through the entity East 81 Bliss, LLC as borrower signed a loan agreement with lender Israel Discount Bank of New York valued at $10.8 million for 6 parcels, including the tax class multifamily, five to six families (C2) at 318 East 81st Street in Yorkville. The deal closed on January 16, 2020 and was recorded on January 27, 2020.

The last time the property sold was May 25, 2016, for $9,250,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 6 residential units on December 28, 2018.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 11,860 square feet. Those plans include a total of 6 residential units. There has been one demolition project filed for the parcels over the past five years. The demolition included 7 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link