Richard Young borrows $6M from Investors Bank for multifamily property in East Village

Richard Young through the entity 698 Titan Properties LLC as borrower signed a loan agreement with lender Investors Bank valued at $6 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 23 residential units at 424 East 10th Street in East Village. The deal closed on June 17, 2020 and was recorded on July 24, 2020.
The property contains a total of 16,215 square feet of built space.
The average loan per unit is $260,870.

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