Akiva Gottlieb, Richard Sutton & Yaakov Zar Acquire Multifamily Property In Upper East Side For $8M

A multifamily property located at 324-326 E 84th St in the Upper East Side neighborhood was recently involved in a closed transaction. The property spans approximately 16,840 square feet, making it a significant asset in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Loan Type: Recapitalization
• Loan Terms: Rate: 3.5%, LTV: 70%, Term: 5 Years, Amortization: 30 Years, Non-recourse

The deal was facilitated by three brokers from Lev Capital, namely Akiva Gottlieb, Richard Sutton, and Yaakov Zar. They represented the involved parties throughout the transaction process.