KHEDOURI EZAIR CORP obtained financing of $58M from MANUFACTURERS AND TRADERS TRUST COMPANY

KHEDOURI EZAIR CORP as borrower signed a loan agreement with lender MANUFACTURERS AND TRADERS TRUST COMPANY valued at $58.0 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 13 residential units at 1364 Lexington Avenue, 1370 Lexington Avenue, 1368 Lexington Avenue in Carnegie Hill. The deal closed on June 20, 2019 and was recorded on July 18, 2019.
The property contains a total of 53,531 square feet of built space. The property has 33,297 square feet of available development rights.
The average loan per unit is $4,461,538.

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