Sharestates sells $7.4M loan to Toorak secured by CW Realty 9-unit rental

Sharestates Investments sold a $7.4 million loan to Toorak Capital secured by CW Realty’s 9-unit rental at 1363 First Avenue in Lenox Hill.

The deal closed on September 30, 2020 and was recorded on October 8, 2020.
The property contains a total of 6,000 square feet of built space. The property has 18,750 square feet of available development rights.

The signatory for the 2019 loan was Perl Weisz, and for the 2016 loan it was Cheskie Weisz. The last time the property sold was January 25, 2016, for $9,400,000.

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