Samuel Plotkin borrows $10.1M from Sterling National for warehouse in Clinton

Samuel Z. Plotkin through the entity 630 West 52Nd LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $10.1 million for 1 parcel, including the tax class warehouse or self storage (E7) at 631 West 51st Street in Clinton. The deal closed on March 24, 2021 and was recorded on April 12, 2021.
The property contains a total of 36,184 square feet of built space.
The average loan per buildable square foot is $279.
The last time the property sold was August 31, 2015 for $23,000,000.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $802,500.

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