BLDG Management refis $6M with M&T Bank for property in Soho

Lloyd Goldman’s BLDG Management through the entity BLDG 03 LLC as borrower signed a loan agreement with lender Manufacturers And Traders Trust Company valued at $6.5 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units at 482 West Broadway in Soho. The deal closed on August 31, 2020 and was recorded on October 1, 2020.
The property contains a total of 9,000 square feet of built space.
The average loan per buildable square foot is $718.
Lloyd Goldman was the signatory for the borrower.

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 $144,360.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link