Tony E. Huang obtained financing of $6M from People’s United Bank

Tony E. Huang through the entity 1362 Jerome Heights Associates, LLC as borrower signed a loan agreement with lender People’S United Bank, National Association valued at $6.3 million for 1 parcel, including the tax class retail building with apartments above (K4) at 1362 Jerome Avenue in Longwood Melrose. The deal closed on August 23, 2019 and was recorded on September 09, 2019.
The property contains a total of 33,325 square feet of built space. The property has 39,071 square feet of available development rights.
The average loan per buildable square foot is $87.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on July 31, 2014.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $5,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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