Maral Associates LLC obtained financing of $5M from JPMorgan Chase Bank

Maral Associates LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.3 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 45 residential units at 42O East 82 Street in Yorkville. The deal closed on July 17, 2019 and was recorded on August 07, 2019.
The property contains a total of 30,614 square feet of built space. The property has 4,214 square feet of available development rights.
The average loan per unit is $117,778.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $107,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link