JPMorgan Chase Provides $10.9M Loan For Mixed-Use Property At 1020 Madison Avenue

A mixed-use property located at 1020 Madison Avenue on the Upper East Side has recently been involved in a loan transaction. The property is characterized by its zoning designation of C5-1, MP, allowing for a combination of residential and commercial uses. With a total square footage of 9,567, the building offers ample space for various purposes. The loan amount secured for this transaction amounts to $10,900,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $10,900,000
• Address: 1020 Madison Avenue
• Market: Upper East Side
• Zoning: C5-1, MP

JPMorgan Chase served as the lender in this transaction, providing the necessary funds to support the property acquisition or refinancing. The landlord associated with the property is Aryeh Realty. The asset encompasses a total building square footage (BSF) of 19,170, demonstrating its substantial size. With a floor area ratio (FAR) of 10, the property offers additional development potential.