Edmond Li obtained financing of $22M from Cantor Commerical Real Estate Lending

Edmond Li through the entity 59 Thom LLC as borrower signed a loan agreement with lender Cantor Commerical Real Estate Lending, L.P. valued at $21.7 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 34 residential units at 59 Thompson Street in Soho. The deal closed on August 14, 2019 and was recorded on August 23, 2019.
The property contains a total of 15,918 square feet of built space. The property has 4,080 square feet of available development rights.
The average loan per unit is $582,569.
The last time the property sold was October 28, 2016, for $21,055,000.

Over the past five years, there have been 19 NYC Department of Buildings permit applications 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 $387,090. There were 18 renovation/alteration projects (A2) applied for with a total estimated value of $1,652,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link