Gerald P. Weinstein borrows $13M from Bank of America for retail property in Tribeca

Gerald P. Weinstein through the entity General Hardware Manufacturing Co., Inc. as borrower signed a loan agreement with lender Bank of America valued at $13 million for 1 parcel, including the tax class retail building with apartments above (K4) at 80 White Street in Tribeca. The deal closed on May 12, 2020 and was recorded on May 20, 2020.
The property contains a total of 38,890 square feet of built space.
The average loan per buildable square foot is $334.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on February 12, 2019.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $2,160,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $3,564,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link