Wildenstein & Co. borrows $30M from JPMorgan Chase Bank for property in Bushwick

Wildenstein & Co. through the entity 618 Bushwick SPE LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $30 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 99 residential units at 618 Bushwick Avenue in Bushwick. The deal closed on March 22, 2021 and was recorded on March 31, 2021.
The property contains a total of 91,366 square feet of built space.
The average loan per unit is $303,030.
The last time the property sold was September 20, 2017 for $51,000,000.
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 $102,925.

Direct link to Acris document. link
The signatory for the lender was Amanda Barner.