Magen David Mgmt signs $6.4M refi loan with JPMorgan Chase for rental in University Heights

Magen David Management through the entity Magen David Mgmt LLC as borrower signed a refi loan with lender JPMorgan Chase Bank valued at $6.4 million for the 65-unit rental (C1) at 2232 Davidson Avenue in University Heights, Bronx.
The deal closed on May 7, 2021 and was recorded on May 17, 2021.
The property has 51,000 square feet of built space and 0 square feet of additional air rights for a total buildable of 39,560 square feet according to PincusCo analysis of city data. The loan price per built square foot is $125 per the PincusCo analysis.
The owner bought the property on 5-May-14, for $5.5 million.
The signatory for Magen David Management was Kourosh Nasab.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.
The owner according to the Department of Housing Preservation and Development is Kenny Nasab, head officer. The business entity is Magen David Mgmt Llc.

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