Robert Moses and Henry Moses Jr. borrow $12.3M from JPMorgan Chase Bank to refi multifamily property in Manhattan
Robert Moses and Henry Moses Jr. borrowed $12.3 million from JPMorgan Chase Bank to refinance property in Manhattan in two transactions.
In the first, Robert Moses and Henry Moses Jr. through the entity Merauke LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $6.7 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 20 residential units at 20 Commerce Street in West Village. The deal closed on May 26, 2020 and was recorded on May 28, 2020.
The property contains a total of 10,646 square feet of built space.
The average loan per unit is $335,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $335,605.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the second, Robert Moses and Henry Moses Jr. through the entity Vulcan 81 Co. LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $5.6 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 60 residential units at 507 East 81st Street in Yorkville. The deal closed on May 26, 2020 and was recorded on May 28, 2020.
The property contains a total of 16,640 square feet of built space. The property has 20,420 square feet of available development rights.
The average loan per unit is $93,333.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $102,165.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link