Wortman Realty LLC borrows $11M from Signature Bank for property in Brooklyn

Wortman Realty LLC as borrower signed a loan agreement with lender Signature Bank valued at $11.0 million for 1 parcel, including the tax class garage with two or more stories (G1) at 25 Wortman Avenue in Brooklyn. The deal closed on October 18, 2019 and was recorded on October 23, 2019.
The property contains a total of 107,000 square feet of built space.
The average loan per buildable square foot is $103.
The last time the property sold was September 15, 2008, for $14,000,000.

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

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