Mark Kalimian borrows $13.5M from Apple Bank for multifamily property in Kips Bay

Mark Kalimian through the entity Caralex Holdings, LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $13.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 79 residential units at 207 East 27th Street in Kips Bay. The deal closed on June 17, 2020 and was recorded on July 23, 2020.
The property contains a total of 38,465 square feet of built space.
The average loan per unit is $170,886.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $270,015.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link