Kaufman Wales Associates LLC obtained financing of $7M from Dimes Community Bank

Kaufman Wales Associates LLC as borrower signed a loan agreement with lender Dimes Community Bank valued at $7.3 million for 1 parcel, including the tax class loft with more than eight stories (mid-Manhattan type with or without stores) (L1) at 242 West 36 Street in Garment District. The deal closed on July 25, 2019 and was recorded on August 01, 2019.
The property contains a total of 152,667 square feet of built space.
The average loan per buildable square foot is $48.
The last time the property sold was April 09, 2010, for $73,123,491.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $1,127,488.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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