Ronen Glazer borrows $5M from Santander Bank for property in Lower East Side

Ronen Glazer through the entity 153-155 Norfolk Street, LLC as borrower signed a loan agreement with lender Santander Bank valued at $5.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 50 residential units at 153 Norfolk Street in Lower East Side. The deal closed on September 26, 2019 and was recorded on October 11, 2019.
The property contains a total of 22,500 square feet of built space.
The average loan per unit is $100,712.
The last time the property sold was January 13, 2005, for $7,150,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $170,680.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link