Sterling National Bank Provides $13.6M Loan For Multifamily Property In Manhattan Valley

The property involved in this closed transaction is a multifamily asset located at 300 Manhattan Ave. & 315 West 113th Street in Manhattan Valley. The loan for this property was provided by Sterling National Bank, with a total amount of $13,600,000. The term of the loan is 2.75%, with a 1-year interest-only period for 7 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,600,000
• Address: 300 Manhattan Ave. & 315 West 113th Street
• Market: Manhattan Valley

The landlord of the property is Bluestar Properties, represented by Jeff Pikus. The brokers involved in this deal are Shamir Seidman and Daniel Neiss from Meridian Capital Group.