Omek Capital borrows $10.9 M from Greystone & Co. for property in Central Harlem

Omek Capital through the entity 240 Lenox LLC as borrower signed a loan agreement with lender Greystone & Co. valued at $10.9 million for 3 parcels, including the tax class multifamily, five to six families (C2) and containing 24 residential units at 240 Lenox Avenue, 2064 Fifth Avenue, and 56 East 130th Street in Central Harlem. The deal closed on November 12, 2020 and was recorded on November 30, 2020.
The signatories for the borrowers were Charles Hartman, Avi Feldman and Morris Feldman.
The properties have 22,951 square feet of built space and available development rights.
The average loan per unit is $455,292.
The last time the property sold was September 8, 2011 for $1,900,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $495,516. Those filings sought to increase the number of residential units by 3 to 5 for one of the buildings.
Direct link to Acris document. link

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