Yaniv Cohen’s Nexus Building Development Group borrows $31M from Be Aviv 82nd Street Funding LLC for property in the Upper East Side

Yaniv Cohen’s Nexus Building Development Group through the entity DRK Third Avnue LLC as borrower signed a loan agreement with lender Be Aviv 82nd Street Funding LLC through the entity Be Aviv 82nd Street Funding LLC valued at $30.5 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 9 residential units at 1444 3rd Avenue in the Upper East Side. The deal closed on February 7, 2020 and was recorded on February 14, 2020.

The last time the property sold was July 30, 2012, for $7,500,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 24,041 square feet. Those plans include a total of 9 residential or hotel units. There has been one demolition project filed for the parcels over the past five years. The demolition included 10 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link