Carlo Perrone borrows $19M from BankUnited for property in Manhattan

UPDATED 12:55 p.m., June 21, 2024: Carlo Perrone through the entity 170 East 83rd Street LLC as borrower signed a loan agreement with lender Bankunited, N.A. valued at $19.0 million for 2 parcels, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 125 residential units at 56 West 11th Street, 1450 3rd Avenue in Manhattan. The deal closed on March 25, 2020 and was recorded on April 3, 2020.
The property has 284,671 square feet of available development rights.
The average loan per unit is $152,000.
This is a refinance.

Over the past five years, there have been 14 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 14 renovation/alteration projects (A2) applied for with a total estimated value of $1,829,035.

Correction: The borrower was corrected. The prior individual listed as the owner, Marjorie Nesbitt, is the portfolio asset manager.
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