Mark Harounian’s Harounian Enterprises borrows $7M from JPMorgan Chase for multifamily property in Little Italy

Mark Harounian’s Harounian Enterprises through the entity 172 Mulberry Realty, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $6.5 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 26 residential units at 172 Mulberry Street in Little Italy. The deal closed on October 31, 2019 and was recorded on November 15, 2019.
The property contains a total of 13,552 square feet of built space.
The average loan per unit is $250,000.
The last time the property sold was August 16, 2012, for $6,250,000. This is a loan modification and extension agreement.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $32,150.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link