Hudson Realty Associates LLC obtained financing of $8M from JPMorgan Chase Bank

Hudson Realty Associates LLC as borrower signed a loan agreement with lender Jpmorgan Chase Bank, N.A. valued at $8.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 42 residential units at 882 Amsterdam Avenue in Upper West Side. The deal closed on May 15, 2019 and was recorded on August 19, 2019.
The property contains a total of 45,774 square feet of built space. The property has 3,648 square feet of available development rights.
The average loan per unit is $201,190.

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