KUB Capital borrows $25M from Riversource Life Insurance Company for property in Soho

KUB Capital through the entity Calliope Realty Associates LLC as borrower signed a loan agreement with lender Riversource Life Insurance Company valued at $25.0 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 84 Wooster Street in Soho. The deal closed on October 11, 2019 and was recorded on October 16, 2019.
The property contains a total of 65,972 square feet of built space.
The average loan per buildable square foot is $379.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $959,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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