Interaudi Bank lends $12M for 10-unit building in Lower East Side

145 Ludlow LLC as borrower signed a loan agreement with lender Interaudi Bank valued at $12 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 10 residential units at 145 Ludlow Street in Lower East Side. The deal closed on October 23, 2020 and was recorded on November 16, 2020.
The property contains a total of 17,032 square feet of built space.
The average loan per buildable square foot is $528.
Joseph LaSpina was listed as the head officer and Lawrence Fabian as officer for the borrowing building. The last time the property sold was May 21, 2013, for $5,750,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 8 residential (or hotel) units on September 13, 2016.
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 $1,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $261,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link