Jack Guttman obtained financing of $10M from 1281 Viele Ave. Co., LLC

Jack Guttman through the entity 1281 Viele LLC as borrower signed a loan agreement with lender 1281 Viele Ave. Co., LLC valued at $10.0 million for 1 parcel, including the tax class miscellaneous manufacturing building (F9) at 1281 Viele Avenue in Hunts Point. The deal closed on August 12, 2019 and was recorded on August 28, 2019.
The property contains a total of 40,000 square feet of built space. The property has 60,000 square feet of available development rights.
The average loan per buildable square foot is $100.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 05, 2014.

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

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