BLDG Management borrows $13M from Guardian Life for property in Garment District

Lloyd Goldman’s BLDG Management through the entity Ista West 35th Street LLC as borrower signed a loan agreement with lender The Guardian Life Insurance Company of America valued at $12.6 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 3 West 35th Street in Garment District. The deal closed on June 4, 2020 and was recorded on June 10, 2020.
The property contains a total of 87,301 square feet of built space.
The average loan per buildable square foot is $144.
Lloyd Goldman was the signatory.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 13, 2013.
Over the past five years, there have been 13 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 $3,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $1,083,356.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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