Jack Resnick & Sons borrows $100M from Prudential for property in Financial District

Jack Resnick & Sons through the entity Rb 52 Co. LLC as borrower signed a loan agreement with lender The Prudential Insurance Company of America valued at $100 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 52 Broadway in Financial District. The deal closed on July 6, 2020 and was recorded on July 7, 2020.
The property contains a total of 345,540 square feet of built space.
The average loan per buildable square foot is $289.
The financing replaces a Goldman Sachs loan with a maximum of $88 million, and provides $20.47 million in new debt.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 27, 2012.
Over the past five years, there have been 16 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $1,080,000. There were 13 renovation/alteration projects (A2) applied for with a total estimated value of $1,843,975.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link