Gerald Sussman borrows $15M from First Republic Bank for property in West Village

June 30, 2020 7:14 am

Gerald Sussman through the entity 36-40 Gansevoort Realty LLC as borrower signed a loan agreement with lender First Republic Bank valued at $15 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 831 Greenwich Street in West Village. The deal closed on June 24, 2020 and was recorded on June 29, 2020.
The property contains a total of 47,800 square feet of built space.
The average loan per buildable square foot is $313.
The financing includes an $8.85 million gap loan.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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