Empire Management borrows $12M from New York Community Bank for multifamily property in West Village

Fred Ohebshalom’s Empire Management through the entity Quartz West 10 LLC as borrower signed a loan agreement with lender New York Community Bank valued at $11.9 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 39 residential units at 208 West 10th Street in West Village. The deal closed on July 3, 2019 and was recorded on March 12, 2020.
The property contains a total of 22,005 square feet of built space.
The average loan per unit is $306,000.
The last time the property sold was June 17, 2013, for $14,000,000.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $300,930.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link