Jacob Kohn borrows $36.5M from MF1 Capital, Berkshire for 141-unit rental in Central Harlem

Jacob Kohn through the entity 5462 125th Realty LLC as borrower signed a loan agreement with lender MF1 Capital, an affiliate of Berkshire Residential Investments, through the entity Mf1 Capital LLC valued at $36.5 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 141 residential units at 56 West 125th Street in Central Harlem. The deal closed on December 30, 2020 and was recorded on January 7, 2021.
The property contains a total of 139,209 square feet of built space.
The average loan per unit is $259,220.
This refinances a $36.55 million acquisition and construction loan from 2018 given by Centennial Bank. The last time the property sold was June 8, 2018 for $26,500,000.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $52,500.

There has been one new building permit application Those plans include a total of 141 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link
The signatory for the buyer or lender was Jonathan Pfeil