Victor Sismanoglou borrows $7.6M from Flushing Bank for 44-unit rental in the Upper West Side

Victor Sismanoglou through the entity West 83rd St. Reatly Corp as borrower signed a loan agreement with lender Flushing Bank valued at $7.6 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 44 residential units at 142 West 83rd Street in the Upper West Side. The deal closed on September 25, 2020 and was recorded on October 9, 2020.
The property contains a total of 39,120 square feet of built space.
The average loan per unit is $172,727.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $83,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link