Ralph Della Cava Jr. borrows $10.5M from Dime for 33-unit rental in West Village

Ralph Della Cava Jr. through the entity Grove 44 Associates L.L.C. as borrower signed a loan agreement with lender Dime Community Bank valued at $10.5 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 33 residential units at 42 Grove Street in West Village. The deal closed on March 26, 2021 and was recorded on April 6, 2021.
The property contains a total of 17,603 square feet of built space.
The average loan per unit is $318,182.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $141,400.

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