City Storage Systems borrows $8M from Goldman Sachs for warehouse in Sunnyside

Former Uber CEO Travis Kalanick’s City Storage Systems through the entity 40-05 Skillman Ave Lic LLC as borrower signed a loan agreement with lender Goldman Sachs Bank USA valued at $8.2 million for 1 parcel, including the tax class fireproof warehouse (E1) at 40-05 Skillman Avenue in Sunnyside. The deal closed on March 23, 2020 and was recorded on March 25, 2020.
The property contains a total of 18,150 square feet of built space.
The average loan per buildable square foot is $452.
The last time the property sold was September 14, 2016, for $5,350,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 19, 2019.
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 were 5 renovation/alteration projects (A2) applied for with a total estimated value of $700,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link