Hashem Dardashtian obtained financing of $10M from JPMorgan Chase Bank

Hashem Dardashtian through the entity 88th A & R Realty, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $10.0 million for 2 parcels, including the tax class multifamily, old law tenements (C4) and containing 38 residential units at 162 East 88 Street, 164 East 88 Street in Carnegie Hill. The deal closed on July 26, 2019 and was recorded on August 19, 2019.
The property contains a total of 24,010 square feet of built space.
The average loan per unit is $264,079.

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