Domain Companies borrows $31M from CIT Bank for warehouse property in Gowanus

The Domain Companies through the entity 420 Carroll LLC as borrower signed a loan agreement with lender CIT Bank valued at $31.3 million for 2 parcels, including the tax class fireproof warehouse (E1) at 420 Carroll Street, 430 Carroll Street in Gowanus. The deal closed on January 31, 2020 and was recorded on February 6, 2020.
The property has 130,621 square feet of available development rights.
The average loan per buildable square foot is $191.
The last time the property sold was February 7, 2018, for $47,500,000.

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 has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link