Yosef Soleymani and Joseph Soufer borrow $13M from Sterling National Bank for property in the Upper East Side

Yosef Soleymani and Joseph Soufer through the entities YS 958 Madison Ave, LLC and 958 Madison LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $13.3 million for 1 parcel, including the tax class retail building with apartments above (K4) and containing 4 residential units at 958 Madison Avenue in the Upper East Side. The deal closed on September 27, 2019 and was recorded on October 18, 2019.
The property contains a total of 8,875 square feet of built space. The property has 14,868 square feet of available development rights.
The average loan per buildable square foot is $558.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 4 residential (or hotel) units on December 17, 2014.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $423,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link