First Republic Bank Lends $5.8M For Acquisition Of Mixed-Use Property In East Village

The mixed-use property located at 341 & 437 East 9th Street in the East Village has recently undergone a closed transaction. The property spans approximately 15,000 square feet and is characterized by its versatility and potential for various uses. The transaction details are as follows:

Summary of Transaction Details

• Property Type: Mixed Use
• Transaction Amount: $5,840,000
• Lender: First Republic Bank
• Landlord: Alex Jaehek
• Broker: Michael Lee - HKS Real Estate Advisors
• Loan Type: Acquisition

First Republic Bank provided a loan amount of $5,840,000 for the acquisition of the property. The loan aims to facilitate the purchase and further development of the mixed-use asset. Alex Jaehek assumed the role of the landlord in this transaction, overseeing the ownership and management of the property. The deal was facilitated by Michael Lee from HKS Real Estate Advisors, representing the buyer in the acquisition.