Webster Bank Provides $9.2M Loan For Mixed-Use Property On Lenox Avenue In Central Harlem

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.