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

147-01 Jamaica Avenue, 2141-2147 White Plains Road, 2092-2100 Grand Concourse, 1409-1424 Avenue M
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This property located in NY received a loan of $12,500,000 over 4 years ago. The brokers of the deal were Ceasar Salama and Joshua " Josh" Ernst

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.

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Deals
  • Location
    147-01 Jamaica Ave, Jamaica, NY 11435, USA147-01 Jamaica Ave, Jamaica, NY 11435, USA
  • Loan Value
    $12,500,000$12,500,000
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Joshua " Josh" Ernst

Joshua " Josh" Ernst

Deals1
Financed$12.5M

Agency

Kassin Sabbagh Realty

Kassin Sabbagh Realty

Agency
Deals1090
Volume$7.1B

JPMorgan Chase

JPMorgan Chase

Lender
Deals167
Volume$ 2.2T

Deal Summary

IMAGE: Josh Ernst & Ceasar Salama DATE: 07/30/2019 ADDRESSES: 147-01 Jamaica Avenue, 2141-2147 White plains road, 2092-2100 Grand Concourse, 1409-1424 Avenue M MARKET: Jamaica, Morris Park, Midwood ASSET TYPE: Retail Condo LENDER: Chase Bank LANDLORD: Visabe Corp – Salomon Cojab BROKER: Josh Ernst – Sovereign Capital Group LOAN AMOUNT: $12,500,000 SF: 80,200

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147-01 Jamaica Avenue, 2141-2147 White Plains Road, 2092-2100 Grand Concourse, 1409-1424 Avenue M

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