969 Madison Avenue

Sharon Sternheim and Robert Sternheim, the owners of the iconic Upper East Side drugstore Zitomer Pharmacy, signed a refinance loan valued at $15 million for two retail condominium units located at 969 Madison Avenue, with an alternate address at 32 East 76th Street in Lenox Hill, Manhattan. The deal was facilitated through their entity 969 Madison Avenue LLC. The prior lender was Guardian Life Insurance Company of America, which held debt with an original loan amount of $18.2 million. The signatory for Sharon Sternheim and Robert Sternheim was Robert Sternheim, and for Bank of America, it was Adam Zimmer. Sharon Sternheim and her son Robert Sternheim own the Thriftway Drug chain, which includes the landmark Zitomer Pharmacy at this location. This refinance replaces an $18.25 million loan given in 2014.