UBS Realty Investors borrows $34M from UBS Realty Investors for property in East Village

UBS Realty Investors through the entity 19-23 St. Marks Place Apartments Owner LLC as borrower signed a loan agreement with lender UBS Realty Investors through the entity 19-23 St. Marks Place Apartments Capital LLC valued at $34 million for 3 parcels, including the tax class two-story or store and office (K2) and containing 41 residential units at 19 St Mark’s Place in East Village. The deal closed on April 23, 2020 and was recorded on April 27, 2020.
The property contains a total of 15,851 square feet of built space. The property has 72,581 square feet of available development rights.
The average loan per unit is $829,268.
UBS in 2019 lent Cape Advisors $34 million, and that $34 million was assigned as the debt for UBS as owner. Cape Advisors sold the building to UBS simultaneously with this loan.

Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $543,025.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link