FINANCED
Webster Bank Provides $9.2M Loan For Mixed-Use Property On Lenox Avenue In Central Harlem
321 Lenox Avenue
Mixed-use
28,426 SF
28,426 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
28,426 sqft
The mixed-use property located at 321 Lenox Avenue in Central Harlem, Manhattan has recently undergone a transaction. The property spans approximately 28,426 square feet and includes both residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,200,000
- Address: 321 Lenox Avenue
- Market: Central Harlem, Manhattan
The lender involved in this transaction is Webster Bank, represented by Lou Fitzgerald. The loan provided for the acquisition of the property has a value of $9,200,000. The loan terms consist of a 2-year interest-only period followed by 5 years fixed, and it is non-recourse. The landlords of the property are OSTB 321 Lenox Avenue, with Eran Nornberg serving as its CEO. The brokers involved in this deal are Matt Swerdlow and Matthew Dzbanek, who represent Ariel Property Advisors.
Players
Details
FINANCED
IMAGE: Matthew Dzbanek, Matt Swerdlow, Eran Nornberg & Lou Fitzgerald
DATE: 04/29/2022
ADDRESS: 321 Lenox Avenue
MARKET: Central Harlem, Manhattan
ASSET TYPE: Mixed-use ~ SF: 28,426
LENDER: Webster Bank (@WebsterBank) - Lou Fitzgerald
LANDLORD: OSTB 321 Lenox Avenue - Eran Nornberg, CEO
BROKERS: Matt Swerdlow (@Matt.Swerdlow) & Matthew Dzbanek - Ariel Property Advisors (@ArielPA.NYC)
LOAN AMOUNT: $9,200,000
LOAN TYPE: Acquisition
LOAN TERMS: 2 Years Interest Only, 5 Years Fixed, Non-RecourseView on map
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Address321 Lenox Avenue
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