Time Equities borrows $8M from Provident Bank for commercial property in Plaza District

Time Equities through the entity 146 East 56 Street Equities LLC as borrower signed a loan agreement with lender Provident Bank valued at $7.5 million for 1 parcel, including the tax class store and office (K2) at 146 East 56th Street in Plaza District. The deal closed on May 14, 2020 and was recorded on May 28, 2020.
The property contains a total of 12,000 square feet of built space. The property has 40,180 square feet of available development rights.
The average loan per buildable square foot is $187.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link