Nathan Halegua refis $35M with Signature Bank for property in East Village

Nathan Halegua through the entity Avenue A St. Marks Associates, LLC as borrower signed a loan agreement with lender Signature Bank valued at $35.0 million for 4 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 104 residential units at 131 Avenue A, 121 St Marks Place, 119 St Marks Place, and 115 St Marks Place in East Village. The deal closed on October 15, 2020 and was recorded on February 18, 2021.
The property has 69,668 square feet of built space and available development rights.
The average loan per unit is $336,538.

Over the past five years, there have been 15 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 15 renovation/alteration projects (A2) applied for with a total estimated value of $767,298.

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