Larry Wohl borrows $20M from First Republic Bank for property in Garment District

Larry Wohl through the entity Ronbet 40th Street LLC as borrower signed a loan agreement with lender First Republic Bank valued at $20.0 million for 1 parcel, including the tax class office building tower type with 20 or more stories (O4) at 10 East 40th Street in Garment District. The deal closed on November 25, 2019 and was recorded on December 5, 2019.
The property contains a total of 442,042 square feet of built space.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 27, 2012.
Over the past five years, there have been 57 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 57 renovation/alteration projects (A2) applied for with a total estimated value of $9,401,690.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link