Norman Weisfeld, Altmark borrow $19M from BCB for property in Lenox Hill

Norman Weisfeld and the Altmark Group through the entity 34 East 29 Holding LLC as borrower signed a loan agreement with lender BCB Community Bank valued at $19.2 million for 1 parcel, including the tax class retail building with apartments above (K4) at 766 Madison Avenue in Lenox Hill. The deal closed on October 1, 2020 and was recorded on January 21, 2021.
The property contains a total of 6,024 square feet of built space.
The average loan per buildable square foot is $3,189.
This is a loan modification related to Covid. The last time the property sold was January 22, 2018 for $37,000,000.
Direct link to Acris document. link
The signatory for the lender was Frank Greco.

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