Madison Realty Capital through the entity 644 East 14th Street 1 LLC as borrower signed a loan agreement with lender RWN Real Estate Partners through the entity Rwnih-Mad 2 LLC valued at $52 million for 1 parcel at 644 East 14th Street, also known as 223 Avenue C in East Village. The deal closed on April 29, 2020 and was recorded on May 8, 2020.
Madison Realty Capital assigned $52 million in debt to RWN Real Estate Partners, which is a subsidiary of billionaire Apollo co-founder Marc Rowan’s family office RWN Management. The last time the property sold was June 23, 2016, for $23,000,000.
Over the past five years, there have been 2 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 63,932 square feet. Those plans include a total of 50 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link