S.W. Management borrows $38M from Capital One for multifamily property in West Village

S.W. Management through the entity Macdougal & Sixth Realty LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $38 million for 5 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 169 residential units at 260 Avenue Of The Americas, 264 Avenue Of The Americas, 270 Avenue Of The Americas, 83 Mac Dougal Street, 79 Mac Dougal Street in West Village. The deal closed on February 12, 2020 and was recorded on February 20, 2020.

The average loan per unit is $224,852.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $503,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link