Abraham M. Sutton Of Sutton Management Secures $12.7M Loan For 41-Unit Multifamily In Harlem

The asset involved in the transaction is a multifamily residential building located at 2270 Frederick Douglass Boulevard in Harlem, Manhattan. The property consists of 41 units and has undergone refinancing, securing a loan to replace a previous obligation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12.7 million
• Address: 2270 Frederick Douglass Boulevard
• Market: Harlem, Manhattan
• Units: 41
• Lender: Argentic Investment Management
• Landlord: Abraham M. Sutton - Sutton Management

Sutton Management, through 1801 Associates, has successfully refinanced the property with Argentic Investment Management, transitioning from a prior $15 million loan secured with Santander Bank.