Sholom Laine borrows $12M from Signature Bank to refi commercial property in East Williamsburg

Sholom Laine through the entity Brocho V.H. LLC as borrower signed a loan agreement with lender Signature Bank valued at $12 million for 1 parcel, including the tax class semi-fireproof manufacturing building (F4) at 538 Johnson Avenue in East Williamsburg. The deal closed on March 6, 2020 and was recorded on March 17, 2020.
The property contains a total of 121,279 square feet of built space.
The average loan per buildable square foot is $99.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link