Mark Kalimian borrows $15M from Apple Bank for multifamily property in West Village

Mark Kalimian through the entity Caralex Holdings, LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $14.8 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 59 residential units at 10 Jones Street in West Village. The deal closed on June 17, 2020 and was recorded on August 11, 2020.
The property contains a total of 48,544 square feet of built space.
The average loan per unit is $250,847.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $227,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link