Altmark Group refis $19M on public school-leased building in Mott Haven

Altmark Group through the entity 350 Gerard Holdings, LLC as borrower signed a loan agreement with lender Signature Bank valued at $19 million for 1 parcel, including the tax class public elementary junior and senior high schools (W1) at 357 Walton Avenue also known as 350 Gerard Avenue in Mott Haven. The deal closed on July 27, 2020 and was recorded on August 10, 2020.
The property contains a total of 99,950 square feet of built space.
The average loan per buildable square foot is $190.
The debt level and lender are the same as 2019.

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