Sky Management obtained financing of $8M from New York Community Bank

Sky Management through the entity Oheb-62 Associates LLC as borrower signed a loan agreement with lender New York Community Bank valued at $7.8 million for 2 parcels, including the tax class multifamily, old law tenements (C4) and containing 48 residential units at 340 East 62 Street, 342 East 62 Street in Lenox Hill. The deal closed on July 22, 2019 and was recorded on July 25, 2019.
The property contains a total of 24,048 square feet of built space.
The average loan per unit is $162,358.
The last time the property sold was April 30, 2017, for $14,500,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $45,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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