Weinreb Management borrows $24M from Capital One for multifamily property in Carnegie Hill

Weinreb Management through the entity 145 East 92 Associates LLC as borrower signed a loan agreement with lender Capital One valued at $23.8 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 48 residential units at 145 East 92nd Street in Carnegie Hill. The deal closed on May 18, 2020 and was recorded on June 2, 2020.
The property contains a total of 85,924 square feet of built space.
The average loan per unit is $495,833.
Jacob Weinreb was the signatory. The debt package refinanced a $22 million Capital One loan and added a $1.8 million gap loan.

Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $1,015,600.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link