Ben Schlegel Of Ariel Property Advisors Secures $10.25M Acquisition Loan For Mixed-Use Asset In Flatiron

The property involved in this transaction is a mixed-use asset located at 32 East 22nd Street in the Flatiron market. The property encompasses a total square footage of 8,900 and consists of 4 units. An acquisition loan was secured for this property amounting to $10,250,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,250,000
• Address: 32 East 22nd Street
• Market: Flatiron
• Asset Size: 8,900 SF
• Units: 4
• Loan Type: Acquisition
• Broker: Ben Schlegel
• Agency: Ariel Property Advisors

Ben Schlegel, representing Ariel Property Advisors, facilitated the loan transaction for this mixed-use property. The roles and responsibilities of the broker included overseeing the acquisition process and managing the details associated with the loan secured for the property.