Richard Kramisen borrows $11M from Signature Bank for property in Midtown West

Richard S. Kramisen through the entity 310-318 Midtown Equities LLC as borrower signed a loan agreement with lender Signature Bank valued at $11.7 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 16 residential units at 312 West 53rd Street in Midtown West. The deal closed on October 10, 2020 and was recorded on March 5, 2021.
The property contains a total of 23,670 square feet of built space.
The average loan per unit is $729,437.

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 $201,400.

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