Henry Hay borrows $10M from Sterling National Bank for property in the Upper East Side

Henry Hay through the entity Hh 81st Street LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $10.2 million for 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units at 24 East 81st Street in the Upper East Side. The deal closed on October 3, 2019 and was recorded on October 16, 2019.
The property contains a total of 15,167 square feet of built space. The property has 17,522 square feet of available development rights.
The average loan per buildable square foot is $312.
The last time the property sold was March 15, 2012, for $3,250,000.

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

Share this article