Kenneth Rosenblum borrows $8M from JPMorgan Chase to refi multifamily property in Soho

Kenneth Rosenblum through the entity Soho Village Realty Inc. as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $8.0 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 28 residential units at 128 Thompson Street in Soho. The deal closed on April 24, 2020 and was recorded on May 8, 2020.
The property contains a total of 15,599 square feet of built space.
The average loan per unit is $285,714.
The financing replaced debt from Bank United and adds a gap loan of $547,508.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $222,160.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link