Kempner, Thomas L obtained financing of $10M from Citibank

Kempner, Thomas L as borrower signed a loan agreement with lender Citibank valued at $10.0 million for 1 parcel, including the tax class two-family, converted (from one family) (B3) and containing 2 residential units at 123 East 73 Street in Upper East Side. The deal closed on August 07, 2019 and was recorded on August 21, 2019.
The property contains a total of 8,024 square feet of built space. The property has 2,431 square feet of available development rights.
The average loan per buildable square foot is $956.
The last time the property sold was December 20, 2002, for $10,250,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $55,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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