Armando Gabrielli borrows $22.4M from HSBC Bank for property in Tremont

Armando Gabrielli through the entity Gabrielli Hutchinson LLC as borrower signed a loan agreement with lender HSBC Bank valued at $22.4 million for 1 parcel, including the tax class land (V1) at 3501 Hutchinson Avenue in Tremont. The deal closed on August 24, 2020 and was recorded on April 15, 2021.
The property contains a total of 37,000 square feet of built space.
The last time the property sold was June 28, 2017 for $11,000,000.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

There has been one new building permit application.

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