Abraham Lokshin secured a $35.4 million construction loan from Popular Bank for a 29-unit, 41,739-square-foot residential development at 1009 Second Avenue in Midtown East. Lokshin, through LFL Partners, acquired the site in 2014 for $14.3 million. Plans were filed in 2019 but remain unpermitted. The property includes 6,208 square feet of existing space and 28,870 square feet of air rights. The site carries past penalties totaling over $65,000. Lokshin’s Manhattan-based portfolio spans 101 residential units across 53,180 square feet.
1009 Second Avenue
