Zaka Investments Refinances Lincoln Square Single Family Property With $34M Loan

Erzuli, LLC, owned by industrialist Pierre Bastid's family office Zaka Investments, signed a refinance loan of $34 million with Spice Capital Partners for a residential walkup building located at 48 West 69th Street in Lincoln Square, Manhattan. The property has a total of 13 residential units and spans a size of 13,767 square feet. The building also has an additional 2,916 square feet of air rights and is zoned as R8B, allowing for up to 4 times floor area ratio for residential use. The city-designated market value of the property is $3.4 million.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $34,000,000
• Market: Lincoln Square, Manhattan
• Address: 48 West 69th Street
• BSF: 16,664
• SF: 13,767

Spice Capital Partners, represented by Irene Epskamp, provided the $34 million refinance loan to Erzuli, LLC. Zaka Investments, represented by Pierre Bastid and Lawrence E. Fabian, serves as the landlord for the property.