Lalezarian Properties borrows $21M from Wells Fargo Bank for development in Soho

Lalezarian Properties through the entity Charlton Management LLC as borrower signed a loan agreement with lender Wells Fargo Bank valued at $20.5 million for 2 parcels at 102 Charlton Street, 100 Charlton Street in Soho, where the developer filed new construction plans. The deal closed on June 26, 2017 and was recorded on November 12, 2019.

The last time the property sold was July 1, 2010, for $4,000,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 60,405 square feet. Those plans include a total of 67 residential or hotel units. There have been 2 demolition projects filed over the past five years. The demolition included 32 residential units.
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