Branko Mustac borrows $15M from JPMorgan Chase Bank for property in Astoria

Branko Mustac through the entity Astoria Tower 31 LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank Na valued at $15.0 million for 2 parcels, including the tax class commercial condo recorded in Acris (CC) and containing 65 residential units at 31-72 31st Street in Astoria. The deal closed on May 8, 2020 and was recorded on May 13, 2020.

The average loan per unit is $230,769.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 65 residential units on February 17, 2016.

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