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Scale Lending Provides $59.4M Loan For East Harlem Mixed-Use Property

2283 Third Avenue
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This Mixed-use property located in NY received a loan of $28,100,000 over 4 years ago. The brokers of the deal were Adam Hakim, Andrew Iadeluca, and James Murad

The mixed-use property located at 212 East 125th Street in East Harlem has been involved in a closed transaction. The loan for this property was provided by SCALE Lending, with Martin Nussbaum representing the lender. The loan amount for this transaction was $59,400,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $59,400,000
  • Lender: Martin Nussbaum - SCALE Lending
  • Landlord: Elan Hakimian, Sunder Jambunathan, The Hakimian Organization, Red Pine Capital Partners
  • Broker: Cushman & Wakefield

The deal involved multiple parties, with Elan Hakimian and Sunder Jambunathan as the landlords. The property was leased by the Hakimian Organization and Red Pine Capital Partners. Cushman & Wakefield acted as the broker in this transaction.

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Deals
  • Location
    2283 3rd Ave, New York, NY 10035, USA2283 3rd Ave, New York, NY 10035, USA
  • Loan Value
    $28,100,000$28,100,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

James Murad

James Murad

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Financed$2.2B

Agency

Meridian Capital Group

Meridian Capital Group

Agency
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Volume$65.9B

Deal Summary

LOAN IMAGE: Sunder Jambunathan, Martin Nussbaum & Elan Hakimian DATE: 04/30/2021 ADDRESS: 212 East 125th Street MARKET: East Harlem ASSET TYPE: Mixed-use LENDER: SCALE Lending - Martin Nussbaum LANDLORD: @CertesPartners - Elan Hakimian & Sunder Jambunathan; The Hakimian Organization; Red Pine Capital Partners BROKER: Cushman & Wakefield LOAN AMOUNT: $59,400,000

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2283 Third Avenue

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