Related Companies refis $30M with Signature Bank for commercial condos in Lenox Hill

Related Companies through the entity 1429 Second Avenue Associates LLC as borrower signed a loan agreement with lender Signature Bank valued at $30 million for 3 parcels, including the tax class commercial condominium unit (R5) at 255 East 74th Street in Lenox Hill. The deal closed on August 10, 2020 and was recorded on September 8, 2020.

The last time the property sold was February 23, 2010, for $25,000,000.

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