Kane & Moss LLC borrows $5M from Amalgamated Bank for property in Midtown East

Kane & Moss LLC as borrower signed a loan agreement with lender Amalgamated Bank valued at $5.0 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 26 residential units at 224 East 51st Street in Midtown East. The deal closed on September 4, 2019 and was recorded on September 20, 2019.
The property contains a total of 18,450 square feet of built space.
The average loan per unit is $192,308.

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

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