Alex Adjmi borrows $5.1M from Signature Bank to buy retail in Longwood Melrose

Alex Adjmi’s ACHS Management Corp. through the entity 30 East 170th Street Acquisitions LLC as borrower signed an acquisition loan agreement with lender Signature Bank valued at $5.1 million for 1 parcel, including the tax class bank building with or without parking (K7) at 30 East 170th Street in Longwood Melrose. The deal closed on July 27, 2020 and was recorded on August 6, 2020.
The property contains a total of 12,960 square feet of built space. The property has 26,630 square feet of available development rights.
The average loan per buildable square foot is $190.
ACHS Management owns the adjacent parcel at 22 East 170th Street.

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