Sharon Kahen borrows $19M from Walker & Dunlop for property in East Harlem

Sharon Kahen through the entity Cohen & Levy Development Group LLC as borrower signed a loan agreement with lender Walker & Dunlop, LLC valued at $18.7 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 60 residential units at 2223 3rd Avenue in East Harlem. The deal closed on September 27, 2019 and was recorded on October 4, 2019.
The average loan per unit is $311,300.
The last time the property sold was January 15, 2008, for $5,250,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $32,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.