Kokot Realty borrows $15M from Citigroup for 128-unit portfolio in Manhattan

Kokot Realty Enterprises through the entity Dos Passos LLC as borrower signed a loan agreement with lender Citigroup through Citi Real Estate Funding Inc. valued at $15 million for 7 parcels, including the tax class multifamily, artists in residence (D2) and containing 128 residential units at 217 East 22nd Street, 239 West 15th Street, 106 East 7th Street, 638 East 14th Street, 640 East 14th Street, and others in Manhattan. The deal closed on March 22, 2021 and was recorded on April 12, 2021.
The property has 76,236 square feet of built space and available development rights.
The average loan per unit is $117,188.

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