Shawn Khodadadian borrows $8.5M from JPMorgan Chase for office property in Flatiron

Shawn Khodadadian through the entity 147 East 26th Street LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $8.5 million for 1 parcel, including the tax class professional-type office building (O7) at 147 East 26th Street in Flatiron. The deal closed on March 17, 2021 and was recorded on April 14, 2021.
The property contains a total of 14,814 square feet of built space.
The average loan per buildable square foot is $574.
The last time the property sold was December 1, 2020, when Khodadadian bought it for $10,650,000.
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