East Asia Land Fund, LLC obtained financing of $5M from JPMorgan Chase Bank

East Asia Land Fund, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.0 million for 1 parcel, including the tax class three-family (C0) and containing 2 residential units at 141 East 18 Street in Gramercy. The deal closed on July 25, 2019 and was recorded on August 06, 2019.
The property contains a total of 4,678 square feet of built space. The property has 1,486 square feet of available development rights.
The average loan per buildable square foot is $1,069.
The last time the property sold was May 11, 2015, for $5,800,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $3,908,649.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link