1661 Madison Avenue

Owner: A&R Properties Group

Debt: June 06, 2023, $5.5 million

Built: 2022

Renovated: 2020

SF: 15,097

Dwelling units: 14

No. of buildings: 1

Class: Semi-Fireproof With Stores (D7)

Transactions:

• Company sold 1661 Madison Avenue, East Harlem, Manhattan for $0 to company on October 17, 2023.

• A&R Properties Group borrowed $5.5 million from Valley National Bank for 1661 Madison Avenue, East Harlem, Manhattan on June 06, 2023.

• Noorollah Asherian borrowed $5.9 million from Valley National Bank for 1661 Madison Avenue, East Harlem, Manhattan on October 20, 2020.

Development:

• Ibrahem Alqushi filed plans for alteration in East Harlem, Manhattan, on June 23, 2023.

• Ibrahem Alqushi filed plans for alteration in East Harlem, Manhattan, on June 19, 2023.

• Joshua Asherian filed plans for alteration in East Harlem, Manhattan, on March 11, 2022.

• Joshua Asherian filed plans for alteration in East Harlem, Manhattan, on July 22, 2021.

• Singh Gurvinder filed plans for alteration in East Harlem, Manhattan, on March 15, 2021.

Violations:

According to city public data, the properties have received $50 in OATH penalties in the last year.