Steven Albert borrows $5M from JPMorgan Chase for property in East Village

Steven Albert through the entity 79-87 Avenue C LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $5 million for 1 parcel, including the tax class miscellaneous (K9) and containing 6 residential units at 79 Avenue C in East Village. The deal closed on April 21, 2020 and was recorded on April 27, 2020.
The property contains a total of 17,690 square feet of built space. The property has 34,888 square feet of available development rights.
The average loan per buildable square foot is $143.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link