Teddy And Eric Margules Secure $3.5M Loan On Multifamily Property In Chelsea With New York Community Bank

The multifamily property located at 139 West 28th Street in Chelsea has been involved in a recent transaction. The property spans across 12,180 square feet and is situated in a bustling market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Date: 11/22/2018
• Lender: New York Community Bank
• Landlord: Teddy Margules & Eric Margules
• Mortgage Broker: Samuel Guss
• Term: 7+5 Year
• Interest Rate: 4.50%

The transaction involved a loan from New York Community Bank amounting to $3,500,000. The loan term is set at 7+5 years with an interest rate of 4.50%. The borrowers, Teddy Margules and Eric Margules, secured the loan for the property through their mortgage broker, Samuel Guss.