Shawn Khodadadian borrows $10M from First Republic Bank for property in Lenox Hill

Shawn Khodadadian through the entity 46 East 65th Street LLC as borrower signed a loan agreement with lender First Republic Bank valued at $10.3 million for 1 parcel, including the tax class multifamily, artists in residence (D2) and containing 5 residential units at 46 East 65th Street in Lenox Hill. The deal closed on April 20, 2020 and was recorded on June 29, 2020.
The property contains a total of 10,253 square feet of built space.
The average loan per buildable square foot is $614.
The last time the property sold was October 4, 2018, for $12,000,000.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,063,655. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $275,775.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link