Rafi Gibly, former Italian soccer star, borrows $6M from Modern Bank for property in Tribeca

Rafi Gibly, former Italian soccer star, through the entity MVG Properties LLC as borrower signed a loan agreement with lender Modern Bank, N.A. valued at $5.7 million for 1 parcel, including the tax class primarily four family with store or office (S4) and containing 4 residential units at 311 Church Street in Tribeca. The deal closed on August 15, 2019 and was recorded on September 23, 2019.
The property contains a total of 8,738 square feet of built space. The property has 2,770 square feet of available development rights.
The average loan per buildable square foot is $495.
The last time the property sold was September 4, 2007, for $6,300,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on September 6, 2012.

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