Akiva Milgraum Of KJM Holdings Secures $12.4M Acquisition Loan For Multifamily Asset In Upper East Side

The property asset involved in this transaction is a multifamily building located at 529 East 85th Street within the Upper East Side market. The building comprises 29 units and has a total square footage of 38,700. The acquisition loan amount is $12,400,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $12,400,000
• Address: 529 East 85th Street
• Market: Upper East Side
• Units: 29
• Square Footage: 38,700
• Lender: Derby Copeland
• Landlord: Akiva Milgraum - KJM Holdings
• Broker: Daniel Neiss - Meridian Capital Group

This transaction highlights the involvement of key parties such as the landlord, Akiva Milgraum, who is associated with KJM Holdings. The brokerage representation was provided by Daniel Neiss of Meridian Capital Group, ensuring the deal was facilitated efficiently. The lender for this acquisition was Derby Copeland, completing the team around this multifamily property transaction.