City National Bank Of New York Provides $16.2M Acquisition Loan For Condo In Upper East Side

The property involved in this closed transaction is a condominium located at 109 East 79th Street in the Upper East Side market. The property spans approximately 145,000 square feet, offering ample space for residents.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $16,234,000
• Address: 109 East 79th Street
• Market: Upper East Side
• Lender: City National Bank Of New York
• Broker: John Libretti - Progress Capital

The loan for this acquisition was provided by City National Bank Of New York. The loan amount totaled $16,234,000, demonstrating the financial support for this transaction. John Libretti of Progress Capital served as the broker representing the parties involved in this deal. Thanks to the efficient process, the loan was closed in just 2 weeks, ensuring a swift completion of the acquisition.