Lincoln64 Flats LLC obtained financing of $6M from JPMorgan Chase Bank

Lincoln64 Flats LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $6.3 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 56 residential units at 64 Lincoln Road in Prospect Lefferts Gdns. The deal closed on July 30, 2019 and was recorded on August 23, 2019.
The property contains a total of 49,930 square feet of built space.
The average loan per unit is $112,500.
The last time the property sold was December 16, 2010, for $7,389,000.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $289,320.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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