The Theso cooperative in Lenox Hill borrows $12.5M from Apple Bank

The Theso cooperative through the entity Theso Corp. as borrower signed a loan agreement with lender Apple Bank For Savings valued at $12.5 million for 1 parcel, including the tax class apartment building (AP) and containing 285 residential units at 300 East 71st Street in Lenox Hill. The deal closed on January 28, 2021 and was recorded on March 24, 2021.
The property contains a total of 277,478 square feet of built space.
The average loan per unit is $43,856.
The last time the property sold was September 6, 2017 for $650,000.
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