Bob Delidimitriou borrows $9M from Patriot Bank for new development in Gowanus

Bob Delidimitriou through the entity 114 15th Street LLC as borrower signed a loan agreement with lender Patriot Bank valued at $9.4 million for 1 parcel, including the tax class miscellaneous garage (G9) at 114 15th Street in Gowanus. The deal closed on March 13, 2020 and was recorded on March 25, 2020.

This is a construction loan.

Over the past five years, there have been 5 NYC Department of Buildings permit applications 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 $80,000.There has been one new building permit application totaling 16,549 square feet. Those plans include a total of 20 residential or hotel units. There have been 3 demolition projects filed over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link