Maverick buys note on West Village retail with $6.8M original principal

Maverick Real Estate Partners bought a note secured by West Village retail that had an original principal of $6.8 million from BankUnited. The property is owned by Gould Investors.
Maverick Real Estate Partners through the entity Mixed Use 86 LLC bought the debt secured by the property that has the tax class retail building with apartments above (K4) and contains 4 residential units at 86 University Place in West Village. The deal closed on March 11, 2021 and was recorded on April 2, 2021.
The property contains a total of 6,816 square feet of built space. The average loan per buildable square foot is not available.
The last time the property sold was February 20, 2015 for $13,725,000.
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