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

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.