Wolfe Landau borrows $7M from Signature Bank for multifamily property in Dumbo

Wolfe Landau through the entity One Duffield LLC as borrower signed a loan agreement with lender Signature Bank valued at $7.3 million for 1 parcel, including the tax class multifamily, converted (D5) and containing 84 residential units at 200 Nassau Street in Dumbo. The deal closed on May 5, 2020 and was recorded on May 15, 2020. This loan increased the debt from $6.5 million provided in 2019.
The property contains a total of 68,005 square feet of built space.
The average loan per unit is $86,905.
The last time the property sold was May 7, 2019, for $11,044,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 84 residential units on May 5, 2016.

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