Israel Carmel borrows $9M from Dime Community Bank for property in Mott Haven

Israel Carmel through the entity 99 Evergreen, LLC as borrower signed a loan agreement with lender Dime Community Bank valued at $8.7 million for 1 parcel, including the tax class fireproof warehouse (E1) at 175 Canal Street West in Mott Haven. The deal closed on September 20, 2019 and was recorded on September 25, 2019.
The property contains a total of 38,738 square feet of built space. The property has 38,129 square feet of available development rights.
The average loan per buildable square foot is $113.
The last time the property sold was July 25, 2013, for $4,250,000.

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

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