Bawa Nand Mallick signs $9.2M refi loan with JPMorgan Chase for rental in Jamaica

Bawa Nand Mallick through the entity Hillside 88 LLC signed a refi loan with lender JPMorgan Chase valued at $9.2 million for the 79-unit rental (D1) at 168-36 88th Avenue in Jamaica, Queens.
The deal closed on June 24, 2021 and was recorded on July 1, 2021.
The property has 50,976 square feet of built space and 0 square feet of additional air rights for a total buildable of 47,250 square feet according to PincusCo analysis of city data. The loan price per built square foot is $181 per the PincusCo analysis.
The owner bought the property on 13-Jan-10, for $7.7 million.
The signatory for Bawa Nand Mallick was Bawa Nand Mallick.

The owners according to the Department of Housing Preservation and Development includes Bawa Mallick, head officer and Maria Rojas, agent. The business entities are Nyc American Management Inc and Hillside 88 Llc.
Within a 400-foot radius of 168-36 88th Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a new building permit issued on November 29, 2019 for a 11,469-square-foot residential R-2 building with 10 residential units at 87-83 168th Street.

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