SMA Equities Refinances Office & Mixed-use Property On Upper East Side For $34.3M

Located in the Upper East Side neighborhood of New York City, the property at 1491, 1495 & 1501 3rd Ave. has recently undergone a significant financial transaction. The property is a mixed-use development that includes both office and retail spaces. The transaction involved a loan refinance amounting to $34,300,000.

Summary of Transaction Details:

• Property Type: Office & Mixed-use
• Transaction Amount: $34,300,000
• Market: Upper East Side

The lender responsible for financing this transaction is Safra National Bank, providing the necessary funding for the loan refinance. Samy Mahfar, the landlord and owner of the property, represented SMA Equities throughout the deal.

This financial transaction highlights the importance of proper financing to ensure the stability and growth of commercial properties like this mixed-use development. With the successful loan refinance, it will enable Samy Mahfar to continue managing and developing the property in the desirable Upper East Side market.