ASAP Property Holdings obtained financing of $37M from Wells Fargo Bank

ASAP Property Holdings through the entity Asap 135Th Ave Jamaica, LLC as borrower signed a loan agreement with lender Wells Fargo Bank, National Association valued at $36.5 million for 1 parcel, including the tax class transient occupancy hotel in midtown Manhattan area (H3) at 144-10 135 Avenue in Jamaica. The deal closed on August 09, 2019 and was recorded on August 15, 2019.
The property contains a total of 120,752 square feet of built space. The property has 5,952 square feet of available development rights.
The average loan per buildable square foot is $302.
The last time the property sold was July 18, 2018, for $39,664,300.

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

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