Manatus Development Group borrows $24M from TD Bank for development site in Mott Haven

Manatus Development Group through the entity CSB Courtlandt LLC as borrower signed a loan agreement with lender TD Bank valued at $24.0 million for 1 parcel, including the tax class licensed parking lot (G6) at 362 Courtlandt Avenue in Mott Haven. The deal closed on November 1, 2019 and was recorded on November 20, 2019.

The last time the property sold was July 16, 2015, for $1,493,863. The TD Bank loan replaced a $2.6 million loan from 360 Capital, and added the additional building and project loans.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $260,000.There has been one new building permit application totaling 56,411 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link