Israel Perlmutter borrows $15M from Signature Bank for property in East Williamsburg

Israel Perlmutter through the entity Pms White Street LLC as borrower signed a loan agreement with lender Signature Bank valued at $15.0 million for 1 parcel, including the tax class light manufacturing building (F5) at 9 White Street in East Williamsburg. The deal closed on August 29, 2019 and was recorded on November 8, 2019.
The property contains a total of 63,000 square feet of built space.
The average loan per buildable square foot is $238.
The last time the property sold was July 27, 2016, for $27,500,000.

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 $547,000. Those filings sought to increase the number of residential units by 65 to 65
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link