Marshall Sohne and Sohne Brothers Real Estate Development borrow $7M from First Republic Bank for property in Soho

Marshall Sohne and Sohne Brothers Real Estate Development through the entity 171 Spring Street Corp. as borrower signed a loan agreement with lender First Republic Bank valued at $6.5 million for 1 parcel, including the tax class primarily three family with store or office (S3) and containing 3 residential units at 171 Spring Street in Soho. The deal closed on September 18, 2019 and was recorded on September 20, 2019.
The property contains a total of 9,212 square feet of built space. The property has 2,450 square feet of available development rights.
The average loan per buildable square foot is $557.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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