Alfred Sayegh borrows $10M from JPMorgan Chase for multifamily property in Washington Heights

Alfred Sayegh through the entity Lincoln Prospect Associates LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $10.1 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 69 residential units at 4321 Broadway in Washington Heights. The deal closed on February 20, 2020 and was recorded on February 28, 2020.
The property contains a total of 56,300 square feet of built space.
The average loan per unit is $146,087.
The last time the property sold was March 25, 2015, for $18,650,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $80,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link