Raber Enterprises through the entity Ccw Realty, LLC as borrower signed a loan agreement with lender Morgan Stanley through the entity Morgan Stanley Private Bank, National Association valued at $12.0 million for 1 parcel, including the tax class office bank building designed exclusively for banking (O6) at 2 East Broadway in Chinatown. The deal closed on August 30, 2019 and was recorded on September 05, 2019.
The property contains a total of 33,234 square feet of built space.
The average loan per buildable square foot is $361.
The borrower added $3.5 million in new debt. Raber purchased the property in 2006 for $10 million.
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. There was one renovation/alteration project (A2) applied for with a total estimated value of $100,980.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link