Ninety Three East LLC obtained financing of $10M from Be-Aviv East 93rd Lender LLC

Ninety Three East LLC as borrower signed a loan agreement with lender Be-Aviv East 93rd Lender LLC valued at $10.2 million for 1 parcel, including the tax class multifamily, old law tenements (C4) at 324 East 93 Street in Yorkville. The deal closed on July 23, 2019 and was recorded on August 06, 2019.
The property contains a total of 10,068 square feet of built space. The property has 10,068 square feet of available development rights.
The average loan per buildable square foot is $1,008.
The last time the property sold was May 02, 2007, for $2,550,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel.There has been one new building permit application totaling 10,028 square feet. Those plans include a total of 6 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link