Komal Chand borrows $5M from JPMorgan Chase Bank for property in Times Square

Komal Chand through the entity JMVD Realty NY LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $5.0 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 141 West 41st Street in Times Square. The deal closed on July 28, 2017 and was recorded on September 26, 2019.
The property contains a total of 8,545 square feet of built space. The property has 16,141 square feet of available development rights.
The average loan per buildable square foot is $203.
The last time the property sold was July 23, 2013, for $4,000,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $160,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link