Quinlan Development Group borrows $10M from Sterling National Bank for property in Soho

Quinlan Development Group through the entity Qt Soho Realty LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $10.0 million for on retail condominium unit at 180 Avenue of the Americas in Soho. The deal closed on October 3, 2019 and was recorded on October 17, 2019.
The property contains a total of 14,717 square feet of built space.
The average loan per buildable square foot is $679.

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