Mayer Teitelbaum borrows $13M from Valley National Bank for industrial space in Greenpoint

Mayer Teitelbaum through the entity Richardson Realty Holdings, LLC as borrower signed a loan agreement with lender Valley National Bank valued at $12.5 million for 1 parcel, including the tax class F1 at 297 Richardson Street in Greenpoint. The deal closed on October 11, 2019 and was recorded on October 31, 2019.
The property contains a total of 22,500 square feet of built space.
The average loan per buildable square foot is $444.
The last time the property sold was September 27, 2011, for $3,675,000.

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