Harry Einhorn borrows $39M from Citigroup for property in Williamsburg

Harry Einhorn through the entity 297 North 7 LLC as borrower signed a loan agreement with lender Citigroup through the entity Citi Real Estate Funding Inc. valued at $39.0 million for 2 parcels, including the tax class private schools (W8) and containing 16 residential units at 297 North 7th Street, 257 15th Street in Williamsburg. The deal closed on March 2, 2020 and was recorded on March 6, 2020.
The property contains a total of 34,827 square feet of built space.

The loan includes $17.7 million in new debt.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 29, 2014.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $320,086. There was one renovation/alteration project (A2) applied for with a total estimated value of $204,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link