Players Club signs $13.8M refi loan with Goodman Capital for club house in Gramercy

The Players through the entity The Players as borrower signed a refi loan with lender Goodman Capital through the entity Gramercy Servicing LLC valued at $13.8 million for the clubhouse building (P9) at 16 Gramercy Park South in Gramercy, Manhattan.
The deal closed on March 31, 2021 and was recorded on May 21, 2021.
The property has 10,713 square feet of built space and 2,401 square feet of additional air rights for a total buildable of 13,101 square feet according to PincusCo analysis of city data. The loan price per built square foot is $1,283 and the price per buildable square foot is $1,049 per the PincusCo analysis.
The signatory for The Players was Michael McCurdy.

The owner according to the Department of Housing Preservation and Development is John Martello, head officer. The business entity is The Players. The club was founded in the nineteenth century.

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