Ennismore borrows $10M from Signature Bank for property in Soho

Ennismore through the entity Whitehall Property Management Inc. as borrower signed a loan agreement with lender Signature Bank valued at $10.0 million for 1 parcel, including the tax class miscellaneous office building (O9) at 333 Hudson Street in Soho. The deal closed on May 29, 2020 and was recorded on June 4, 2020.
The property contains a total of 101,290 square feet of built space.
The average loan per buildable square foot is $99.
W. Alexander Budney is managing partner of Ennismore.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on September 9, 2015.
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 $791,085.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link