JPMorgan Chase Provides $44M Construction Loan For Harlem Office Building At 160 West 124th Street

160 West 124th Street, Manhattan, New York, NY, USA

$44,000,000

$4,359/SF

Building Size

10,092 SF

Asset Type

Office

Closing

May 12, 2021

AI

An office property located at 160 West 124th Street in Harlem has been involved in a recent closed transaction. The tenant of the property is Mount Sinai NYC. The deal was facilitated by brokers Gideon Gil, Preston Flammang, Alex Lapidus from Cushman & Wakefield. The loan for the transaction was provided by JPMorgan Chase in the form of a $44,000,000 construction loan.

Summary of transaction details

Property Type: Office
Tenant: Mount Sinai NYC
Loan Amount: $44,000,000
Lender: JPMorgan Chase
Brokers: Gideon Gil, Preston Flammang, Alex Lapidus - Cushman & Wakefield

The property at 160 West 124th Street in Harlem was managed by Park-It Management, represented by Gary Spindler. The loan provided by JPMorgan Chase as a construction loan enabled the successful completion of the transaction. The deal was facilitated by brokers Gideon Gil, Preston Flammang, Alex Lapidus from Cushman & Wakefield, ensuring a smooth process for all parties involved.

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