Kahen Properties Secures $57M Construction Loan For Development Site At 1026 3rd Avenue In Lenox Hill, Manhattan

Kahen Properties, through Third North Holdings LLC, has secured a $57 million construction loan from TD Bank for a development at 1026 Third Avenue in Lenox Hill, Manhattan. The development site has a buildable square footage (BSF) of 100,053 and is located in the bustling Lenox Hill market of Manhattan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $57,000,000
• Address: 1026 3rd Avenue
• Market: Lenox Hill, Manhattan
• BSF: 100,053

Brian Terry from TD Bank provided the $57 million construction loan for the project. Alex Kahen, representing Kahen Properties, serves as the landlord for the development at 1026 Third Avenue.