Abraham Sutton borrows $8M from Signature Bank for retail in Longwood Melrose

Abraham Sutton’s Sutton Management through the entity C.S. Realty Associates LLC as borrower signed a loan agreement with lender Signature Bank valued at $8.1 million for 1 parcel, including the tax class one-story store building (K1) at 54 East 170th Street in Longwood Melrose. The deal closed on March 5, 2020 and was recorded on March 26, 2020.
The property contains a total of 14,500 square feet of built space. The property has 88,315 square feet of available development rights.
The average loan per buildable square foot is $92.

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