Jack Resnick & Sons signs $18M refi with Equitable for retail, commercial condos in Tribeca
Jack Resnick & Sons through the entity 200 Chambers, LLC as borrower signed a refi loan with lender Equitable Financial Life Insurance Company through the entity Axa Equitable Life Insurance Company valued at $18 million for retail, community facility and garage condominium units at 200 Chambers Street in Tribeca, Manhattan.
The deal closed on August 7, 2025 and was recorded on August 18, 2025. The prior lender was Equitable Financial Life Insurance Company which held debt that had an original loan amount of $20 million.The three properties have 56,437 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $318 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Jack Resnick & Sons was Jonathan D. Resnick. The signatory for Equitable Financial Life Insurance Company was Frank S. Linneen .
Violations and lawsuits
There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.
The neighborhood
In Tribeca, The bulk, or 47 percent of the 15.3 million square feet of commercial built space are office buildings, with elevator buildings next occupying 28 percent of the space. In sales, Tribeca has 1.7 times the average sales volume among other neighborhoods with $464.7 million in sales volume in the last two years and is the 22nd highest in Manhattan. For development, Tribeca has 1.7 times the average amount of major developments relative to other neighborhoods and is the 14th highest in Manhattan. It had 2.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 16 percent of the neighborhood’s built space.
The block
On the tax block of 200 Chambers Street, PincusCo has identified the owners of one of the three commercial properties representing 1,970,736 square feet of the 2,817,556 square feet. The identified owner is Stellar Management.
There are no active new building construction projects on this tax block.
The majority, or 70 percent of the 2.8 million square feet of built space are elevator buildings, with specialty buildings next occupying 30 percent of the space.
The borrower
The PincusCo database currently indicates that Jack Resnick & Sons owned at least eight commercial properties with 388 residential units in New York City with 2,206,802 square feet and a city-determined market value of $598.1 million. (Market value is typically about 50% of actual value.) The portfolio has $159 million in debt, with top three lenders as Prudential Financial, JPMorgan Chase, and Jack Resnick & Sons respectively. Within the portfolio, the bulk, or 84 percent of the 2,206,802 square feet of built space are office properties, with elevator properties next occupying 14 percent of the space. They are all located in Manhattan.
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