Israel Perlmutter borrows $14M from Signature Bank for property in Bushwick

Israel Perlmutter through the entity Sharf Machinery LLC as borrower signed a loan agreement with lender Signature Bank valued at $13.7 million for 1 parcel, including the tax class multifamily, artists in residence (D2) and containing 46 residential units at 467 Troutman Street in Brooklyn. The deal closed on October 31, 2019 and was recorded on November 14, 2019.
The property contains a total of 57,125 square feet of built space.
The average loan per unit is $297,826.
The last time the property sold was April 27, 2006, for $5,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application 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 $50,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link