Noam Shemel’s Kano Real Estate Investors borrows $13M from Israel Discount Bank for multifamily property in Flatiron

Noam Shemel’s Kano Real Estate Investors through the entity Lexington 100 Properties LLC as borrower signed a loan agreement with lender Israel Discount Bank of New York valued at $12.7 million for 4 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 37 residential units at 131 East 27th Street, 100 Lexington Avenue, 102 Lexington Avenue, 104 Lexington Avenue in Flatiron. The deal closed on March 20, 2020 and was recorded on May 5, 2020.

The average loan per unit is $341,892.
The new lender refinanced a $13 million loan from BankUnited. The last time the property sold was March 31, 2015, for $17,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link