Ariel Lahmi refis with $15.7M from Fidelity Bank for office property in Tribeca

Ariel Lahmi through the entity BR Worth, LLC as borrower signed a loan agreement with lender Fidelity Bank valued at $15.7 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 83 Worth Street in Tribeca. The deal closed on September 30, 2020 and was recorded on December 9, 2020.
The property contains a total of 20,700 square feet of built space. The property has 20,700 square feet of available development rights.
The average loan per buildable square foot is $758.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $8,294,000. Those filings sought to increase the number of residential units by 5 to 5 There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $25,000.

Direct link to Acris document. link