Hirshmark Capital buys $4M note on property last sold for $11.2M

Hirshmark Capital through 19 Beekman Funding, LLC, bought a note with an original principal of $4 million from Patriot Bank that is secured by the tax class office building with commercial with one to six stories (O5) at 19 Beekman Street in Financial District, owned by Abraham Oved, Richard Scharf and Martin Scharf. The deal closed on February 5, 2021 and was recorded on March 11, 2021.

The last time the property sold was December 20, 2012 for $11,200,000.

The property contains a total of 25,039 square feet of built space.

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 were 2 renovation/alteration projects (A2) applied for with a total estimated value of $380,000.

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