444 CLINTON LLC obtained financing of $17M from S3 RE CLINTON AVE FUNDING LLC

444 CLINTON LLC as borrower signed a loan agreement with lender S3 RE CLINTON AVE FUNDING LLC valued at $17.0 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 435 Vanderbilt Avenue in Clinton Hill. The deal closed on June 17, 2019 and was recorded on July 12, 2019.
The property contains a total of 45,050 square feet of built space. The property has 27,450 square feet of available development rights.
The average loan per buildable square foot is $377.
The last time the property sold was June 17, 2019, for $17,000,000.

Over the past five years, there have been 11 NYC Department of Buildings permit applications filed for this parcel.There have been 8 new building permit applications totaling 64,958 square feet. Those plans include a total of 50 residential or hotel units. There have been 3 demolition projects filed over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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