Tawil Family Secures $2.2 Million Refinance Loan For Mixed-Use Property In Harlem
2272 Adam Clayton Powell Junior Boulevard
$2,200,000
$346/SF
Building Size
6,355 SF
Asset Type
Mixed-use
Closing
Jul 29, 2025
About this deal
AI
The property asset involved is a mixed-use building located at 2272 Adam Clayton Powell Junior Boulevard in Harlem, Manhattan. The total square footage of the asset is 6,355. The loan associated with this property is a refinance amounting to $2,200,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Lender: Kenneth A. Stagnari & Joseph E. Fingerman - Peapack Private Bank & Trust
- Landlord: Tawil Family
- Loan Type: Refinance
- Date of Transaction: 7/30/2025
In this transaction, Kenneth A. Stagnari and Joseph E. Fingerman represent Peapack Private Bank & Trust as the lenders. The landlords involved in the deal are the Tawil Family.
On the Map
$2,200,000
$346/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93