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.