Parkview Financial Provides $9.1M Construction Loan For Multifamily And Retail Project In East Harlem
1638-1640 Park Avenue
MultiFamily
22,753 SF
22,753 SF
Financed 1 year ago
Summary
The loan for the property at 1638-1640 Park Avenue in East Harlem has been finalized. The property is a multifamily building with a total square footage of 22,753. It consists of 24 apartments, including 9 affordable units, and also features 1,843 square feet of retail space. The loan amount for this transaction is $9,100,000, which is a first mortgage construction loan provided by Parkview Financial.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,100,000
- Address: 1638-1640 Park Avenue
- Market: East Harlem
- Square Footage: 22,753
The landlord of the property is Affect Group. The brokers involved in the deal are Adam Hakim and James Murad from Meridian Capital Group.
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1638-1640 Park Avenue
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