Fairview Partners buys $9M note secured by office building in NoHo

Seattle-based Fairview Partners Investment Management through the entity Fairview Investment Fund V, LP bought a note with an original principal of $9 million from Sterling National Bank secured by Navnit Kumar’s office building (O5) at 650 Broadway in NoHo, Manhattan. The owner entity is 650 Realty, Inc.
The deal closed on September 20, 2021 and was recorded on October 4, 2021.
The property has 18,850 square feet of built space for a total buildable of 18,850 square feet according to PincusCo analysis of city data.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $30,000. One of the projects were to change the building from a COM to a F-2.

Direct link to Acris document. link