Willowick Properties borrows $11M from Signature Bank for multifamily property in West Village

Steven Gautier-Winther’s Willowick Properties through the entity 277 West 11th LLC as borrower signed a loan agreement with lender Signature Bank valued at $10.9 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 36 residential units at 277 West 11th Street in West Village. The deal closed on January 31, 2020 and was recorded on February 14, 2020.
The property contains a total of 22,686 square feet of built space.
The average loan per unit is $302,778.
The last time the property sold was June 23, 2017, for $20,000,000.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $694,400.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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