Chestnut Holdings borrows $6M from JPMorgan Chase for property in Riverdale

Chestnut Holdings through the entity 2894 Gc LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.8 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 54 residential units at 2894 Grand Concourse in Riverdale. The deal closed on September 27, 2019 and was recorded on October 3, 2019.
The property contains a total of 48,000 square feet of built space. The property has 23,731 square feet of available development rights.
The average loan per unit is $107,407.
The last time the property sold was August 27, 2013, for $5,400,000.

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

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