Suresh Sani borrows $16M from M&T Bank for property in Chelsea

Suresh Sani through the entity SS 133 West 21, L.L.C. as borrower signed a loan agreement with lender M&T Bank valued at $15.7 million for 1 parcel, including the tax class miscellaneous educational (W9) at 133 West 21st Street in Chelsea. The deal closed on November 6, 2019 and was recorded on November 13, 2019.
The property contains a total of 115,895 square feet of built space.
The average loan per buildable square foot is $135.
The last time the property sold was June 1, 2011, for $2,625,000.

Over the past five years, there have been 22 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 $10,000. There were 21 renovation/alteration projects (A2) applied for with a total estimated value of $3,468,934.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link