Hagai Laniado gets $5.5M construction loan from S3 Capital in Sheepshead Bay

Hagai Laniado through the entity SSJL 2735 East 13Th Street LLC as borrower signed a loan agreement with lender S3 Capital through the entity S3 Re Funding Ii LLC valued at $5.5 million for 2 parcels, including the tax class vacant land at 2727 and 2735 East 13th Street in Sheepshead Bay. The deal closed on November 25, 2020 and was recorded on December 9, 2020.

A 19-unit residential building is planned for the site.

This is a new construction loan. The last time the property sold was September 12, 2018 for $2,100,000.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $1,400.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link