Goodes borrow $8M from Flushing Bank for commercial property in Little Italy

Christopher Goode and Lisa Janowski-Goode through the entity Split Rail Holdings LLC as borrower signed a loan agreement with lender Flushing Bank valued at $8 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 176 Grand Street in Little Italy. The deal closed on July 29, 2020 and was recorded on August 3, 2020.
The property contains a total of 39,558 square feet of built space. The property has 41,200 square feet of available development rights.
The average loan per buildable square foot is $194.
This is the first debt the owners have placed on the building since they bought it on October 17, 2019, for $5,959,461.

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 $120,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link