Joshua Gotlib borrows $13M from New York Community Bank to refi multifamily property in Little Italy

Joshua Gotlib through the entity Bsd Hester LLC as borrower signed a loan agreement with lender New York Community Bank valued at $13.3 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 49 residential units at 185 Hester Street, 187 Hester Street, 189 Hester Street in Little Italy. The deal closed on April 2, 2020 and was recorded on April 22, 2020.
The property has 41,127 square feet of available development rights.
The average loan per unit is $271,020.
The prior debt was an acquisition loan from Signature Bank for $12.1 million. The last time the property sold was July 24, 2018, for $18,250,000.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $22,750.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link