Aaron Berger obtained financing of $26M from STERLING NATIONAL BANK

Aaron Berger through the entity GOWANUS HOLDINGS LLC as borrower signed a loan agreement with lender STERLING NATIONAL BANK valued at $26.0 million for 1 parcel, including the tax class semi-fireproof warehouse (E3) at 37 9 Street in BROOKLYN. The deal closed on June 28, 2019 and was recorded on July 11, 2019.
The property contains a total of 251,998 square feet of built space. The property has 133,631 square feet of available development rights.
The average loan per buildable square foot is $103.
The last time the property sold was December 30, 2010, for $6,000,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $72,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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