Olshan Properties borrows $42M from JPMorgan Chase for commercial condo in Tribeca

Olshan Properties through the entity 99 Hudson Street Associates, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $42 million for 1 parcel, including the tax class office condominium (RB) at 99 Hudson Street in Tribeca. The deal closed on November 24, 2020 and was recorded on December 16, 2020.
The property contains a total of 94,361 square feet of built space.
The average loan per buildable square foot is $265. Andrea Olshan was the signatory for the borrower.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on June 10, 2015.

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