The Real Deal New York

Jack Resnick locks in $125M refi at Symphony House

Prudential Asset Resources is the lender
By Will Parker | October 06, 2017 05:45PM

President Jonathan Resnick and Symphony House at 235 West 56th Street

Hi-Fi? More like refi.

Jack Resnick & Sons refinanced the commercial portion of the Symphony House building at 235 West 56th Street with a $125 million loan, records filed with the city Friday show.

Prudential Asset Resources, a division of the Prudential Financial insurance company, provided the debt, which consolidated earlier loans to the owner with a new $12 million piece.

Retail space at the tower is occupied by tenants such as Wells Fargo and Staples. The 523,000-square-foot building, constructed in the mid-1980s, is also home to 480 residential apartments.

The company did not immediately respond to a request seeking comment.

Jack Resnick & Sons has refinanced at least four properties so far this year, including an $85 million deal 315 Hudson Street and $50 million loan at 485 Madison Avenue.

The company, chaired by the 80-year-old Burton Resnick, owns 5 million square feet of commercial property in New York City. His son, Jonathan, is the company president.

Correction: This story was updated to reflect the correct square footage and apartment numbers.