Grand Metro LLC obtained financing of $7M from Popular Bank

Grand Metro LLC as borrower signed a loan agreement with lender Popular Bank valued at $6.7 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 6 residential units at 309 Grand Street in Williamsburg. The deal closed on July 17, 2019 and was recorded on July 29, 2019.
The property contains a total of 7,800 square feet of built space.
The average loan per buildable square foot is $859.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 6 residential (or hotel) units on January 29, 2019.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $926,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article