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Michael Auriema Secures $2.5 Million Construction Loan For Development Site At 313 East 6th Street

Property Image
FINANCED
$2,500,000
Jaden Lander
Adam Croman

New York

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Development Site
Financed 06/12/2025
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Property Image
FINANCED

Michael Auriema Secures $2.5 Million Construction Loan For Development Site At 313 East 6th Street

313 East 6th Street

See Similar Deals
Development Site
Financed 06/12/2025
Jaden Lander
Adam Croman
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The transaction involves a development site located at 313 East 6th Street in the East Village. The landlord of the property is Michael Auriema, and the total amount of the construction loan secured for this project is $2,500,000.

Summary of transaction details:

Tahari Realty's Capital Advisory division facilitated the loan, effectively navigating challenges such as a building-wide fire and a Department of Buildings vacate order. The team exemplifies a wealth of knowledge and capability within the real estate sector, reinforcing Tahari Realty's reputation as a trusted advisor for various clients including institutional investors and high-net-worth individuals.

Players

Jaden Lander
Tahari Realty
Jaden Lander
6 deals$19.5M volume
BROKER
Adam Croman
Tahari Realty
Adam Croman
10 deals$32.7M volume(646) 275-0203
BROKER
Tahari Realty
Tahari Realty
BROKERAGE

Details

FINANCED
IMAGE: Jaden Lander & Adam Croman DATE: 6/13/2025 ADDRESS: 313 East 6th Street MARKET: East Village ASSET TYPE: Development Site LANDLORD: Michael Auriema LANDLORD'S REP: Jaden Lander (@Jaden_Lander) & Adam Croman (@AdamCroman1) - Tahari Realty LOAN AMOUNT: $2,500,000 LOAN TYPE: Construction NOTE FROM LANDLORD'S REP: Tahari Realty's Capital Advisory division facilitated a $2.5MM Townhome to Condo conversion loan. The team navigated an array of complex obstacles such as a building-wide fire and a DOB vacate order, demonstrating the breadth and knowledge of our platform for our clients. Tahari Realty is a full service real estate brokerage, offering bespoke solutions from a vertically integrated platform. The firm’s leadership team brings a track record of over $2 billion in closed transactions. With decades of combined experience, Tahari Realty has quickly become a trusted advisor to institutional investors, private equity groups, landlords, tenants, and high-net-worth individuals. By combining boutique-level attention with institutional-grade execution, the firm consistently delivers record-setting deals through its client-first approach. Adam Croman Partner & COO mobile: (646) 275-0203 office: (212) 258-0672 [email protected] www.taharicapital.com Jaden Lander Capital Advisory Associate mobile: (917) 828-5038 office: (212) 991-9089 [email protected] www.taharicapital.com

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00