Michael Aryeh obtained financing of $11M from JPMorgan Chase Bank

Michael Aryeh through the entity LIV Hudson Heights LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $11.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 854 West 180 Street in Washington Heights. The deal closed on July 17, 2019 and was recorded on July 30, 2019.
The property contains a total of 46,530 square feet of built space.
The average loan per unit is $236,458.
The last time the property sold was March 22, 2016, for $16,800,000.

Over the past five years, there have been 17 NYC Department of Buildings permit applications filed for this parcel. There were 17 renovation/alteration projects (A2) applied for with a total estimated value of $677,850.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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