Krinos Holdings borrows $19M from Popular Bank for mixed-use property in Tribeca

Eric Moscahlaidis’s Krinos Holdings through the entity 118 & 120 Hudson Street LLC as borrower signed a loan agreement with lender Popular Bank valued at $19 million for 2 parcels, including the tax class primarily five to six family with store or office (S5) and containing 10 residential units at 160 Franklin Street, 118 Hudson Street in Tribeca. The deal closed on December 23, 2019 and was recorded on January 8, 2020.
The property has 36,182 square feet of available development rights.
The average loan per buildable square foot is $525.
Krinos Foods imports and manufactures Mediterranean-style foods.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 5 residential (or hotel) units on December 24, 2012.

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