Novel Property Ventures - Bennat Berger Secures $23M Loan For Central Harlem Multifamily With Ladder Capital Finance

Located in Central Harlem, the multifamily property at 222 St Nicholas Avenue, 234 West 122nd Street, 262 West 115th Street, 236 West 122nd Street, and 238 West 122nd Street has recently undergone a closed transaction. The asset, owned by Novel Property Ventures and represented by Bennat Berger, received a loan amount of $23,000,000 from Ladder Capital Finance. With a total of 133 units, this property stands as a significant investment in the Central Harlem market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 222 St Nicholas Avenue, 234 West 122nd Street, 262 West 115th Street, 236 West 122nd Street, and 238 West 122nd Street
• Market: Central Harlem
• Landlord: Novel Property Ventures – Bennat Berger
• Lender: Ladder Capital Finance
• Units: 133

This transaction was facilitated by the efforts of Bennat Berger from Novel Property Ventures, who successfully secured a loan from Ladder Capital Finance. The collaboration between these individuals and companies highlights the active and vibrant real estate scene in Central Harlem.