Dan Shavolian’s Foremost Real Estate borrows $61M from Bank of America for commercial condos in Chelsea

Dan Shavolian’s Foremost Real Estate through the entity 127 West 25th Group LLC as borrower signed a loan agreement with lender Bank Of America, N.A. valued at $61.0 million for 5 parcels, including the tax class retail condominium (RK) at 127 West 25th Street in Chelsea. The deal closed on October 4, 2019 and was recorded on October 30, 2019.

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

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