LC Lemle Real Estate Group signs $8M refi with Mutual of Omaha for 20-unit walkup in Carnegie Hill

LC Lemle Real Estate Group through the entity LL 1324 Lexington Avenue LLC as borrower signed a refi loan with lender Mutual of Omaha through the entity United Of Omaha Life Insurance Company valued at $8 million for the 20-unit residential walkup building (C7) at 1324 Lexington Avenue in Carnegie Hill, Manhattan.
The deal closed on October 29, 2025 and was recorded on November 3, 2025. The prior lender was Santander Bank which held debt that had an original loan amount of $12.5 million.The property has 20,653 square feet of built space and 17,111 square feet of additional air rights for a total buildable of 37,746 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $387 and the price per buildable square foot is $211 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on December 26, 2012, for $7.7 million. The signatory for LC Lemle Real Estate Group was Laura Lemle .

Prior sales and revenue

The 20,653-square-foot property generated revenue of $1.9 million or $93 per square foot, according to the most recent income and expense figures.

The property

The residential walkup building with 20 residential units in Carnegie Hill has 20,653 square feet of built space and 17,111 square feet of additional air rights for a total buildable of 37,746 square feet according to a PincusCo analysis of city data. The parcel has frontage of 41 feet and is 100 feet deep with a total lot size of 4,194 square feet. The zoning is C1-8X which allows for up to 2 times floor area ratio (FAR) for commercial and up to 9 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $9.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,730 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 12 of the 21 commercial properties representing 371,459 square feet of the 542,215 square feet. The largest owner is Rudin Management, followed by Ditmas Management Corp. and then Sol Goldman Investments.
There are no active new building construction projects on this tax block.

The majority, or 54 percent of the 542,215 square feet of built space are elevator buildings, with walkup buildings next occupying 23 percent of the space.

The borrower

The PincusCo database currently indicates that Lc Lemle Real Estate Group owned at least 15 commercial properties with 335 residential units in New York City with 191,809 square feet and a city-determined market value of $72.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 80 percent of the 191,809 square feet of built space are walkup properties, with elevator properties next occupying 20 percent of the space. They are all located in Manhattan.

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