William Gottlieb RE obtains $12M as first debt on 52-unit in West Village rental

William Gottlieb Real Estate through the entity 160 Waverly Place, LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $12 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 52 residential units at 164 Waverly Place and 160 Waverly Place in West Village. The deal closed on November 24, 2020 and was recorded on December 1, 2020.

The average loan per unit is $230,769.
This is the first debt the company has put on the property.

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 were 2 renovation/alteration projects (A2) applied for with a total estimated value of $99,000.
Direct link to Acris document. link