Michael Chelala Negotiates $6.2M Loan For 20 Unit Mixed-Use Building On Park Ave In East Harlem | 1627 Park Avenue | Michael Chelala | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

14,300 sqft

A 20-unit mixed-use building located at 1627 Park Ave in East Harlem, Manhattan has been sold in a closed property transaction. The property spans a total area of 14,300 square feet and features a diverse mix of residential and commercial units.

Summary of transaction details

Property Type: 20 Unit Mixed-Use Building
Transaction Amount: $6,200,000
Address: 1627 Park Ave, East Harlem, Manhattan
Landlord: William Kukielka
Lender: TD Bank
Broker: Michael Chelala - Agency
Loan Amount: $6,200,000
Loan Term: 5 years
Interest Rate: 3.85% Fixed
Square Footage: 14,300 sf

Michael Chelala, representing the buyer/seller/landlord/tenant, played a crucial role in negotiating the deal. Additionally, he successfully secured a loan agreement with a 30-year amortization schedule, providing further flexibility and financial benefits for the transaction.

Players

All
1

Agents
1

Michael Chelala

Co Founder and CEO of Citizens Debt Relief

Details

Deal Summary

FINANCED

IMAGE: Michael Chelala ADDRESS: 1627 Park Ave AREA: East Harlem, Manhattan ASSET TYPE: 20 Unit Mixed-Use Building LANDLORD: William Kukielka LENDER: TD Bank BROKER: Michael Chelala LOAN AMOUNT: $6,200,000 LOAN TERM: 5 years RATE: 3.85% Fixed SF: 14,300 sf NOTE: Michael was also able to negotiate this deal on a 30 year Amortization schedule.

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Address1627 Park Avenue

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