Leon Agami obtained financing of $12M from Israel Discount Bank Of New York on UWS

Leon Agami through the entity 50-56 Manhattan Avenue, LLC as borrower signed a loan agreement with lender Israel Discount Bank Of New York valued at $12.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units at 50 Manhattan Avenue in the Upper West Side. The deal closed on August 29, 2019 and was recorded on September 05, 2019.
The property contains a total of 42,783 square feet of built space. The property has 14,956 square feet of available development rights.
The average loan per unit is $244,898.
The last time the property sold was July 06, 2016, for $25,800,000.

Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $317,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article