Yidel Hirsch borrows $12M from Popular Bank to buy property in Greenpoint

Yidel Hirsch through the entity Franklin 33 LLC as borrower signed a loan agreement with lender Popular Bank valued at $11.7 million for 1 parcel, including the tax class unlicensed parking lot (G7) at 33 Franklin Street aka 93 Quay Street in Greenpoint. The deal closed on March 27, 2020 and was recorded on April 2, 2020.
The property contains a total of 18,537 square feet of built space. The property has 37,074 square feet of available development rights.
The average loan per buildable square foot is $316.

Over the past five years, there has been one NYC Department of Buildings permit application 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 $135,000. Those filings sought to increase the number of residential units by 10 to 10
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link