Lloyd Goldman’s BLDG Management borrows $8M from Provident Bank for property in Soho

Lloyd Goldman’s BLDG Management through the entity BLDG Prince LLC as borrower signed a loan agreement with lender Provident Bank valued at $7.5 million for 4 parcels, including the tax class one-story store building (K1) and containing 6 residential units at 450 West Broadway, 151 Prince Street, 153 Prince Street, 155 Prince Street in Soho. The deal closed on January 9, 2020 and was recorded on January 23, 2020.
The property has 30,209 square feet of available development rights.
The average loan per buildable square foot is $248.
The prior lender was Signature Bank.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for one of the buildings on June 26, 2018.

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

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