Richard Scharf trims debt to $28.1M from New York Community for property in East Village

Richard Scharf through the entity 225 East 6th LLC as borrower signed a loan agreement with lender New York Community Bank valued at $28.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 86 residential units at 223 East 6th Street in the East Village. The deal closed on November 17, 2020 and was recorded on December 4, 2020.
The property contains a total of 91,680 square feet of built space.
The average loan per unit is $327,267.
The debt was reduced from the prior maximum principal value of $33 million. The last time the property sold was May 27, 2015 for $60,000,000.

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