Morty Yashar signs $25M refi with Signature Bank for industrial in Greenpoint

Morty Yashar through the entity Greenpoint Center LLC as borrower signed a refi loan with lender Signature Bank valued at $25.0 million for the industrial (F5) building at 236-250 Greenpoint Avenue in Greenpoint, Brooklyn.
The deal closed on April 21, 2021 and was recorded on May 14, 2021.
The property has 395,000 square feet of built space and 0 square feet of additional air rights for a total buildable of 166,460 square feet according to PincusCo analysis of city data. The loan price per built square foot is $63 per the PincusCo analysis.
The signatory for Morty Yashar was Morty J. Yashar.
Over the past five years, there have been 13 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $1.2 million. (322027490) One of the projects were to change the building from a COM to a B and change the number of residential units from 0 to 0.

Direct link to Acris document. link