Vincent Coratolo Associates LLC Secures $7.3M Refinance Loan On Harlem Multifamily Property

A multifamily property located at 2340 Adam Clayton Powell Blvd in Harlem was recently involved in a closed transaction. The property spans a total area of approximately 60,368 square feet and consists of 54 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,300,000
• Address: 2340 Adam Clayton Powell Blvd
• Market: Harlem
• Square Footage: 60,368
• Units: 54

Vincent Coratolo, from Coratolo Associates LLC, represented the parties involved in this transaction as the broker.

The loan amount for this transaction was $7,300,000. It was classified as a refinance loan with a fixed interest rate of 3.25% for a term of 5+5. It is worth noting that Vincent Coratolo of Coratolo Associates LLC advises potential borrowers to act quickly and take advantage of the current low rates before they rise.

If you are interested in obtaining a quote for a loan, you can contact Coratolo Associates LLC at 914-681-1300. They offer a no-obligation quote that can be provided in less than 24 hours.