RIVINGTON COMPANY obtained financing of $11M from TNW 601 THROOP LLC

RIVINGTON COMPANY LLC through the entity THROOP OWNER LLC as borrower signed a loan agreement with lender TNW 601 THROOP LLC valued at $11.0 million for 1 parcel, including the tax class miscellaneous office building (O9) at 601 Throop Avenue in Bedford-Stuyvesant. The deal closed on June 27, 2019 and was recorded on July 15, 2019.
The property contains a total of 33,288 square feet of built space.
The average loan per buildable square foot is $330.
The last time the property sold was December 13, 2012, for $3,363,400.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $92,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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