Noorollah Asherian and Shokrollah Rehanian borrow $5M from JPMorgan Chase for property in Garment District

Noorollah Asherian and Shokrollah Rehanian through the entity Knd Realty Corp. as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.0 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 140 West 36th Street in Garment District. The deal closed on September 27, 2019 and was recorded on October 3, 2019.
The property contains a total of 9,490 square feet of built space. The property has 13,641 square feet of available development rights.
The average loan per buildable square foot is $216.

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