Hidrock refis Boerum Hill commercial with $19.2M from Signature Bank

Abraham Hidary’s Hidrock Properties through the entity 110 BP Property LLC as borrower signed a loan agreement with lender Signature Bank valued at $19.2 million for 2 parcels, including the tax class two-story or store and office (K2) at 110 Boerum Place and 96 Boerum Place in Boerum Hill. The deal closed on December 16, 2020 and was recorded on February 2, 2021.
The property has 34,880 square feet of built space and available development rights.
The average loan per buildable square foot is $524.
The last time the property sold was January 24, 2017 for $30,500,000.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.

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