Nakash Holdings borrows $7.3M from Dime Community Bank for retail condo in Chinatown

Nakash Holdings through the entity 129 Lafayette Associates LLC as borrower signed a loan agreement with lender Dime Community Bank valued at $7.3 million for 1 parcel, including the tax class commercial condominium unit (R5) at 129 Lafayette Street in Chinatown. The deal closed on May 7, 2020 and was recorded on June 2, 2020.
The property contains a total of 4,102 square feet of built space.
The average loan per buildable square foot is $1,767.
Jonathan Bennett was the signatory. The loan refinanced $6.5 million from Mercantil Commercebank and added a $1.7 million gap loan. The last time the property sold was March 27, 2014, for $7,500,000.

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