New York Community Bank Provides $3.15M Loan For East Harlem Multifamily Acquisition

256 East 125th Street, New York, NY 10035, USA

$3,150,000

$1,135/SF

Building Size

2,775 SF

Asset Type

MultiFamily

Closing

Mar 2, 2021

AI

254-256 E. 125th St., located in East Harlem, was recently involved in a closed property transaction. The asset type of this property is a multifamily building.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $3,150,000
Market: East Harlem
Date: 03/03/2021
Lender: New York Community Bank
Landlord: Felice Belfiore
Brokern: Moe Rosenblum - Meridian Capital Group
Broker: Mike Fusco - MarcusMillichap_NY
Loan Terms: 3.25% fixed for 7 years

On 03/03/2021, a loan amount of $3,150,000 was provided by New York Community Bank for the transaction. The loan term is set at a fixed rate of 3.25% for 7 years. Meridian Capital Group's Moe Rosenblum handled the financing and was referred by Mike Fusco.

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