Lucky Bhalla’s Ascot Properties borrows $7M from Signature Bank for retail condo in Flatiron

Lucky Bhalla’s Ascot Properties through the entity 37 W 23 Retail LLC as borrower signed a loan agreement with lender Signature Bank valued at $7.3 million for 1 parcel, including the tax class residential condominium unit in a mixed-use building with two to 10 residential units (R8) at 35 West 23rd Street in Flatiron. The deal closed on March 6, 2020 and was recorded on March 16, 2020.
The property contains a total of 5,769 square feet of built space.
The average loan per buildable square foot is $1,262.
This is a refinance loan. The last time the property sold was December 1, 2010, for $5,292,983.

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