Jacob Orfali’s First Sigma borrows $30M from UBS for multifamily property in Lenox Hill

Jacob Orfali’s First Sigma through the entity First Sigma DE LLC as borrower signed a loan agreement with lender UbS Ag valued at $30.0 million for 7 parcels containing 116 residential units at 345 East 60th Street, 347 East 60th Street, 349 East 60th Street, 1097 1st Avenue, 1099 1st Avenue, and others in Lenox Hill. The deal closed on November 20, 2019 and was recorded on November 29, 2019.

The average loan per unit is $258,621.

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

Share this article