Heller Realty borrows $37M from Signature Bank for multifamily property in West Village

A joint venture in care of Heller Realty through the entity 780 GW Realty LLC as borrower signed a loan agreement with lender Signature Bank valued at $37 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 90 residential units at 772 Greenwich Street in West Village. The deal closed on June 18, 2020 and was recorded on June 24, 2020.
The property contains a total of 70,350 square feet of built space.
The average loan per unit is $411,111.
Robert Ross, Joshua Heller and Steven B. Stein were signatories for the joint venture partners. The financing modifies a $37 million loan given in 2016 by Signature.

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 $183,684. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $172,386.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link