Korein family refis $30M with Apple Bank for 297-unit property in Central Park South

Korein Family through the entity Central Park South Associates, L.L.C. as borrower signed a loan agreement with lender Apple Bank For Savings valued at $30.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 297 residential units at 240 Central Park South in Central Park South. The deal closed on November 25, 2020 and was recorded on January 25, 2021.
The property contains a total of 387,428 square feet of built space.
The average loan per unit is $101,010.

Over the past five years, there have been 71 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 71 renovation/alteration projects (A2) applied for with a total estimated value of $8,620,216.

Direct link to Acris document. link