Simone Development borrows $11M from Mahopac Bank for commercial condo in Lenox Hill

Simone Development through the entity Manhattan House Medical Realty LLC as borrower signed a loan agreement with lender Mahopac Bank valued at $10.9 million for 1 parcel, including the tax class commercial condominium unit (R5) at 200 East 66th Street in Lenox Hill. The deal closed on December 23, 2019 and was recorded on January 10, 2020.
The property contains a total of 17,870 square feet of space.
The average loan per square foot is $610.
The last time the property sold was October 3, 2013, for $13,000,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 584 residential (or hotel) units on July 30, 2012.

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