Jonathan Rose Companies borrows $95M from Athene Holding for new multifamily in Brooklyn Heights

Jonathan Rose Companies through the entity MP Owner LLC as borrower signed a loan agreement with lender Athene Holding Ltd. through the entity Athene Annuity And Life Company valued at $95 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 90 residential units at 146 Pierrepont Street in Brooklyn Heights. The deal closed on December 20, 2019 and was recorded on December 30, 2019. Private equity firm Apollo Global Management Inc. owns a 35 percent stake in the life company.
The property contains a total of 165,766 square feet of built space.
The average loan per unit is approximately $1 million.
The last time the property sold was November 15, 2016, for $5,093,695.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 90 residential (or hotel) units on March 29, 2019.
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 $609,451.There has been one new building permit application totaling 134,794 square feet. Those plans include a total of 90 residential units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link