Croman Real Estate borrows $14M from New York Community Bank for property in West Village

Steven Croman’s Croman Real Estate through the entity 234-236 W 14th LLC as borrower signed a loan agreement with lender New York Community Bank valued at $13.8 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 30 residential units at 234 West 14th Street in West Village. The deal closed on October 25, 2019 and was recorded on November 6, 2019.
The property contains a total of 17,500 square feet of built space. The property has 31,079 square feet of available development rights.
The average loan per unit is $461,500.
The last time the property sold was September 8, 2008, for $9,416,667.

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 $27,720.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link