Citi Real Estate Funding Provides $14M Loan For Office Building At 2825 3rd Avenue In Mott Haven, Bronx

The office property located at 2825 3rd Avenue in Mott Haven, Bronx has recently undergone a closed transaction. The property, featuring an image available below, was involved in a deal with Citi Real Estate Funding as the lender. The loan amount secured for this transaction was $14,000,000, with a 10-year full term interest-only loan term at a rate of 3.70%. The landlord in this deal is Elidex Realty, represented by Leon Saad. Sol Dayan, from FM Capital, acted as the broker in this transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $14,000,000
• Lender: Citi Real Estate Funding
• Landlord: Elidex Realty – Leon Saad
• Broker: Sol Dayan – FM Capital
• Loan Terms: 10 Year Full Term IO, 3.70%

In addition to these key details, it is worth noting that the property involved in this closed transaction is located in the Mott Haven market of the Bronx. No further information is available regarding the specific characteristics or market value of the property.