Avery Hall Investments and Gindi Capital borrow $25M from Israel Discount Bank of New York for property in Gowanus

Avery Hall Investments and Gindi Capital through the entity 204 4th Avenue LLC as borrower signed a loan agreement with lender Israel Discount Bank Of New York valued at $25.0 million for 1 parcel, including the tax class gas station without enclosed lubrication plant or workshop (G5) at 204 4th Avenue in Gowanus. The deal closed on November 14, 2019 and was recorded on November 22, 2019.
The last time the property sold was September 30, 2014, for $5,300,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $118,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link