Perl Weisz borrows $11M from Citigroup to refi multifamily building in Greenpoint

Perl Weisz through the entity 45 Newell LLC as borrower signed a loan agreement with lender Citigroup valued at $10.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 18 residential units at 45 Newel Street in Greenpoint. The deal closed on March 10, 2020 and was recorded on March 16, 2020.
The property contains a total of 12,850 square feet of built space.
The average loan per unit is $605,556.
This is a refinance loan. The last time the property sold was May 29, 2015, for $4,210,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 18 residential units on July 6, 2017.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,156,500. Those filings sought to increase the number of residential units by 18 to 18 There was one renovation/alteration project (A2) applied for with a total estimated value of $75,400.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link