SDS COLCON OWNER LLC obtained financing of $7M from G4 18186, LLC

SDS COLCON OWNER LLC as borrower signed a loan agreement with lender G4 18186, LLC valued at $7.2 million for 1 parcel, including the tax class unlicenced parking lot (G7) at 63 Columbia Street in Cobble Hill. The deal closed on June 03, 2019 and was recorded on July 12, 2019.
The property contains a total of 13,584 square feet of built space. The property has 13,584 square feet of available development rights.
The average loan per buildable square foot is $527.
The last time the property sold was January 30, 2015, for $3,400,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $325,000.There has been one new building permit application totaling 14,219 square feet. Those plans include a total of 10 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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