Samy Mahfar’s SMA Equities borrows $27M from Safra National Bank Of New York for property in Chelsea

Samy Mahfar’s SMA Equities through the entity Js West 28th, LLC as borrower signed a loan agreement with lender Safra National Bank Of New York valued at $27.0 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 145 West 28th Street in Chelsea. The deal closed on October 23, 2019 and was recorded on October 28, 2019.
The property contains a total of 57,906 square feet of built space.
The average loan per buildable square foot is $466.
The last time the property sold was August 10, 2011, for $13,250,000.

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 $362,400.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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