Marina Chai Vasarhelyi borrows $12M from JPMorgan Chase for multifamily property in Morningside Heights

Marina Chai Vasarhelyi through the entity 160 Clare LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $11.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 76 residential units at 160 Claremont Avenue in Morningside Heights. The deal closed on December 31, 2019 and was recorded on January 15, 2020.
The property contains a total of 65,172 square feet of built space. The property has 90,372 square feet of available development rights.
The average loan per unit is $153,684.

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 $237,900.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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