Turnbridge Equities buys $2.2M debt from Maxim on Mott Haven taxi lot owned by Victor Weingarten

Turnbridge Equities purchased $2.2 million in debt from Maxim Credit Group secured by a Mott Haven taxi lot owned by Victor Weingarten. Additional debt totaling $9.25 million remains held by Maxim.
The parcel is adjacent to the now-shuttered strip club Sin City Cabaret.

Maxim Credit Group, LLC sold the debt to Turnbridge Equities through the entity 75 Canal Street Lender B LLC valued at $2.2 million, secured by 1 parcel, including the tax class miscellaneous garage (G9) at 2522 Park Avenue also known as 75 Canal Street West, in Mott Haven. The deal closed on June 15, 2020 and was recorded on June 25, 2020.
The property contains a total of 12,194 square feet of built space. The property has 168,284 square feet of available development rights.

Turnbridge was founded by Andrew Joblon in 2014, according to the company website.

The last time the property sold was April 15, 2011, for $8,700,000.

Weingarten was reported last year to be under financial pressure at an Upper West Side rental property he owned with Simon Baron Development. Weingarten continues to owe a loan with an original note of $9.25 million from 2019 on 75 Canal Street.

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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $22,700. There was one renovation/alteration project (A2) applied for with a total estimated value of $178,500.There has been one new building permit application totaling 500 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link