St. Joseph’s College borrows $17M from Dormitory Authority for school property in Fort Greene

St. Joseph’s College as borrower signed a loan agreement with lender Dormitory Authority of the State Of New York valued at $17.2 million for 1 parcel, including the tax class colleges and universities (W6) at 212 Vanderbilt Avenue in Fort Greene. The deal closed on June 18, 2020 and was recorded on June 24, 2020.
The property contains a total of 43,623 square feet of built space.
The average loan per buildable square foot is $394.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on December 1, 2014.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000.There has been one new building permit application totaling 29,072 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link