Joseph McDonnell signs $21M acquisition loan with Hanmi Bank for four buildings in Tribeca

Joseph McDonnell through the entity 6h Ccc Owner LLC as borrower signed a acquisition loan with lender Hanmi Bank through the entity Hanmi Bank valued at $21 million for four buildings including the property at 6 Harrison Street in Tribeca, Manhattan, property at 6 Harrison Street in Tribeca, Manhattan, and property at 6 Harrison Street in Tribeca, Manhattan.
The deal closed on November 19, 2021 and was recorded on January 14, 2022.
The four properties have 22,400 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $937 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 Joseph McDonnell was Joseph McDonnell.

On the tax block, the majority, or 36 percent of the 132,960 square feet of built space are office buildings, with mixed-use buildings next occupying 32 percent of the space.
Within a 400-foot radius of 6 Harrison Street, PincusCo identified 10 commercial real estate items of interests occurred over the past 24 months.
Of those 10 items, three were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $850,000 and two initial temporary certificate of occupancy issuances for projects that initially costed $1.7 million. The most recent of these three items was the temporary certificate of occupancy on October 26, 2020 for a 5,148-square-foot R-3 building with one residential units at 153 Franklin Street.
Of those 10 items, three were sales above $5 million totaling $35 million. The most recent of the three was Joseph McDonnell which bought one condo unit in the 5,410-square-foot, seven-unit mixed-use building (RC) on 6 Harrison Street for $8.5 million from Communications Workers of America Local 1180 on December 3, 2021.
Of those 10 items, four were loans above $5 million totaling $64.1 million. The most recent of the four was Goldberg Group which borrowed $5.3 million from Signature Bank secured by one condo unit in the 5,047-square-foot, six-unit mixed-use building (RM) on 349 Greenwich Street on December 20, 2021.

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