Aryeh Realty borrows $10.9M from JPMorgan Chase for retail property in the Upper East Side

Aryeh Realty through the entity Aryeh Realty Corp as borrower signed a loan agreement with lender JPMorgan Chase valued at $10.9 million for 1 parcel, including the tax class retail building with apartments above (K4) at 1020 Madison Avenue in the Upper East Side. The deal closed on September 10, 2020 and was recorded on September 17, 2020.
The property contains a total of 9,567 square feet of built space.
The average loan per buildable square foot is $1,139.
The package refinances $10.5 million from 2018 and adds a $400,000 gap loan.

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