Heidi Holterbosch borrows $20M from Oceanfirst Bank for warehouse in Hunts Point

Heidi Holterbosch through the entity Hunts Point WH LLC as borrower signed a loan agreement with lender Oceanfirst Bank valued at $20 million for 1 parcel, including the tax class fireproof warehouse (E1) at 1301 Ryawa Avenue in Hunts Point. The deal closed on May 8, 2020 and was recorded on May 13, 2020.
The property contains a total of 46,800 square feet of built space. The property has 115,314 square feet of available development rights.
The average loan per buildable square foot is $173.
This is the first debt Holterbosch has put on the property. The last time the property sold was June 5, 2019, for $70,000,000.

Over the past five years, there have been 4 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 $1,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $4,037,286.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link