Mitchell B. Rutter - Essex Capital Partners Secures $21M Loan For Mixed-Use Property On Upper West Side

A mixed-use property located at 743-749 Amsterdam Avenue in the Upper West Side has recently completed a closed transaction. The property comprises a combination of residential and commercial units, making it a versatile asset in a desirable location. The transaction was dated on July 28, 2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Date: 07/28/2021
• Address: 743-749 Amsterdam Avenue
• Market: Upper West Side

The lender involved in the transaction is Citi Real Estate Funding Inc. They provided a loan amount of $21,000,000 to facilitate the purchase of the property. Mitchell B. Rutter, representing Essex Capital Partners, acted as the landlord in this transaction. Additionally, the well-known CVS Pharmacy, represented as the tenant, is one of the major occupants of the mixed-use property.

This closed transaction represents a successful collaboration between several key individuals and entities, including the lender, landlord, and tenant. The involvement of experienced professionals in the deal ensures the seamless operation and future success of this mixed-use property.