Dib Real Estate borrows $9M from Valley National Bank for property in West Village

Roland Dib’s Dib Real Estate Management through the entity West Houston Property, LLC as borrower signed a loan agreement with lender Valley National Bank valued at $8.5 million for 1 parcel, including the tax class miscellaneous loft (L9) and containing 5 residential units at 124 West Houston Street in West Village. The deal closed on February 19, 2020 and was recorded on April 16, 2020.
The property contains a total of 12,920 square feet of built space.
The average loan per buildable square foot is $658.
The last time the property sold was May 24, 2016, for $15,500,000.

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 $312,005.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link