Thor refis at Amazon-leased Soho building with $15M from JPMorgan Chase

Thor Equities and Elyahu Cohen through the entity Thor 350 West Broadway LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $15 million for 1 parcel, including the tax class commercial condo (CC) at the mixed-use building at 350 West Broadway in Soho. The deal closed on November 24, 2020 and was recorded on December 29, 2020.
The property contains a total of 11,114 square feet of built space.
The average loan per buildable square foot is $1,350.
This is a refinance at the same dollar amount as 2018. Amazon’s AWS Loft is a tenant in the building. The last time the property sold was December 31, 2014 for $24,500,000.
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 $1,799,300.

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