James Lister’s Rosemawr Management borrows $16M from US Bank for school property in Mott Haven

James Lister’s Rosemawr Management through the entity Rm Flacs III NY as borrower signed a loan agreement with lender US Bank valued at $16.2 million for 1 parcel, including the tax class schools or academies (W3) at 370 Gerard Avenue in Mott Haven. The deal closed on November 22, 2019 and was recorded on December 4, 2019.
The property contains a total of 14,400 square feet of built space.

The last time the property sold was January 20, 2016, for $3,795,499.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 12, 2016.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $150,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link