Nicholas Silvers’s Tavros Capital borrows $12M from Citibank for property in Brooklyn

Nicholas Silvers’s Tavros Capital through the entity Gowanus Douglass Street LLC as borrower signed a loan agreement with lender Citibank valued at $12.2 million for 3 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at Butler Street, 251 Douglass Street, Douglass Street in Brooklyn. The deal closed on April 14, 2020 and was recorded on April 21, 2020.
The property has 37,000 square feet of available development rights.
The average loan per buildable square foot is $329.

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