Azzam Obeid borrows $6M from JPMorgan Chase Bank for multifamily property in East Village

Azzam Obeid through the entity Hasa Realty Corp. as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $6.4 million for 2 parcels, including the tax class one-story store building (K1) and containing 18 residential units at 123 Avenue D, 119 Avenue D in East Village. The deal closed on October 30, 2019 and was recorded on November 15, 2019.
The property contains a total of 2,186 square feet of built space. The property has 39,286 square feet of available development rights.
The average loan per unit is $355,556.

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