Sterling National Bank Refinances Mixed-Use Property At 47 Third Avenue In East Village For $34.6M

A mixed-use property located at 47 Third Avenue in the East Village has been refinanced for a total amount of $34,645,000. The transaction took place on October 27, 2020. The property, owned by @SlatePropertyGroup, is situated in a vibrant market with a diverse range of residential and commercial spaces.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $34,645,000
• Lender: Sterling National Bank
• Landlord: @SlatePropertyGroup
• Market: East Village

Sterling National Bank provided the refinancing loan for this transaction. @SlatePropertyGroup, the landlord of the property, initiated the refinance process. The deal represents a significant financial opportunity for both parties involved.