Madison Capital and other investors borrow $168M from JPMorgan Chase for office property in Soho

Richard Wagman’s Madison Capital and other investors through the entity Englewood Partners LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $168 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 130 Prince Street in Soho. The deal closed on March 24, 2020 and was recorded on March 24, 2020.
The property contains a total of 62,362 square feet of built space.

This is the first recorded debt Madison put on the property since it bought the building on July 23, 2019, from Invesco for $206,300,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on January 15, 2013.
Over the past five years, there have been 18 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $60,000. There were 16 renovation/alteration projects (A2) applied for with a total estimated value of $2,743,071.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link