KLM Equities borrows $10M building loan from AIG for multifamily property in Yorkville

Elias Kefalidis’ KLM Equities through the entity 3rd And 87th, L.P. as borrower signed a building loan agreement with lender AIG through the entity American General Life Insurance Company valued at $10.0 million for 2 parcels, including the tax class multifamily, fireproof – with stores (D6) and containing 195 residential units at 1533 3rd Avenue, 206 East 87th Street in Yorkville. The deal closed on November 27, 2019 and was recorded on December 6, 2019.
A $42 million refinance loan was recorded December 2.

Over the past five years, there have been 8 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 $10,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $1,224,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link