Jacob Aini, Eli Chetrit and Isaac Chetrit borrow $27M from Sterling National Bank for property in Garment District

Jacob Aini, Eli Chetrit and Isaac Chetrit through the entity 315W35 Aa LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $27.0 million for 1 parcel, including the tax class miscellaneous loft (L9) and containing 5 residential units at 315 West 35th Street in Garment District. The deal closed on December 19, 2019 and was recorded on January 3, 2020.
The property contains a total of 62,632 square feet of built space.
The average loan per buildable square foot is $431.
This is the first debt the owners have put on the building since they acquired it on September 17, 2015, for $43,000,000. Aini owns a 50 percent tenant-in-common interest, and each Chetrit owns a 25 percent interest.

Over the past five years, there have been 5 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 $8,220,404. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $811,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link