Dib Real Estate borrows $9M from Valley National Bank for retail property in Noho

Roland Dib’s Dib Real Estate Management through the entity Great Jones Street Property, LLC as borrower signed a loan agreement with lender Valley National Bank valued at $8.7 million for 1 parcel, including the tax class retail building with apartments above (K4) and containing 3 residential units at 37 Great Jones Street in Noho. The deal closed on February 11, 2020 and was recorded on February 21, 2020.
The property contains a total of 11,790 square feet of built space.
The average loan per buildable square foot is $733.
The last time the property sold was April 17, 2012, for $7,500,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 3 residential units on July 23, 2014.

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