Chase Bank Provides $12.5M Loan For Retail Condo Portfolio Acquisition In Jamaica, Morris Park, And Midwood

The retail condo located at 147-01 Jamaica Avenue, 2141-2147 White Plains Road, 2092-2100 Grand Concourse, and 1409-1424 Avenue M has been involved in a closed transaction. The property spans 80,200 square feet and was purchased for a total loan amount of $12,500,000. The lender for the transaction was Chase Bank. The property is owned by Visabe Corp, with Salomon Cojab as the landlord. The transaction was facilitated by broker Josh Ernst from Sovereign Capital Group.

Summary of transaction details

• Property Type: Retail Condo
• Transaction Amount: $12,500,000
• Square Footage: 80,200
• Addresses: 147-01 Jamaica Avenue, 2141-2147 White Plains Road, 2092-2100 Grand Concourse, 1409-1424 Avenue M
• Market: Jamaica, Morris Park, Midwood
• Lender: Chase Bank
• Landlord: Visabe Corp – Salomon Cojab
• Broker: Josh Ernst – Sovereign Capital Group

The involvement of Josh Ernst from Sovereign Capital Group as the broker highlights his role in representing the buyer or seller in this transaction. His expertise and knowledge in the retail condo market have ensured a successful deal.