Vanbarton Group obtained financing of $39M from JPMorgan Chase Bank

Vanbarton Group through the entity Astor Retail Strategic Venture LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank National Association valued at $39.3 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 235 West 75th Street in Upper West Side. The deal closed on July 31, 2019 and was recorded on August 19, 2019.
The property contains a total of 28,892 square feet of built space.
The average loan per buildable square foot is $1,359.
The loan was reduced by 42 percent from $67.5 million in 2016 to $39.3 million. The last time the property sold was June 28, 2016, for $103,500,000.

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