Emerich “Sam” Goldstein obtained financing of $16M from American Equity Investment Life Insurance Company

Emerich “Sam” Goldstein through the entity 1 Rewe Street Realty L.L.C. as borrower signed a loan agreement with lender American Equity Investment Life Insurance Company valued at $16.0 million for 1 parcel, including the tax class fireproof warehouse (E1) at 1 Rewe Street in East Williamsburg. The deal closed on August 02, 2019 and was recorded on August 21, 2019.
The property contains a total of 78,985 square feet of built space. The property has 78,985 square feet of available development rights.
The average loan per buildable square foot is $101.

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 $42,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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