Derby Copeland Capital Closes Acquisition Loan For Mixed-Use Building On First Avenue

The mixed-use building located at 1471 First Avenue in Lenox Hill, Manhattan has recently undergone a closed property transaction. The property spans a total of 6,100 square feet and consists of seven units, including six free-market residential units and one retail unit. The transaction was facilitated by brokers Daniel Fromm and Eden Abraham from Newmark.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,850,000
• Address: 1471 First Avenue
• Market: Lenox Hill, Manhattan
• Size: 6,100 square feet
• Units: 7

Lion Cub Development's Andrew Aryeh acted as the landlord in this transaction. The loan for the property acquisition was provided by Derby Copeland Capital, a New York City-based private equity firm specializing in real estate-related debt financing and equity investments. Derby Copeland advanced 65% of the purchase price as a first-priority mortgage loan. For any loan, preferred equity, or equity opportunities, please contact [email protected].