Chestnut Holdings obtained financing of $7M from JPMorgan Chase Bank

Chestnut Holdings through the entity Holland 3204 LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank N.A. valued at $7.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 67 residential units at 3204 Holland Avenue in Bronxwood. The deal closed on August 26, 2019 and was recorded on September 09, 2019.
The property contains a total of 65,310 square feet of built space.
The average loan per unit is $111,567.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $27,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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