New York Community Bank Provides $3.15M Loan For East Harlem Multifamily Acquisition
254-256 East 125th Street
MultiFamily
2,775 SF
2,775 SF
Financed 1 year ago
Summary
254-256 E. 125th St., located in East Harlem, was recently involved in a closed property transaction. The asset type of this property is a multifamily building.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Market: East Harlem
- Date: 03/03/2021
- Lender: New York Community Bank
- Landlord: Felice Belfiore
- Brokern: Moe Rosenblum - Meridian Capital Group
- Broker: Mike Fusco - MarcusMillichap_NY
- Loan Terms: 3.25% fixed for 7 years
On 03/03/2021, a loan amount of $3,150,000 was provided by New York Community Bank for the transaction. The loan term is set at a fixed rate of 3.25% for 7 years. Meridian Capital Group's Moe Rosenblum handled the financing and was referred by Mike Fusco.
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254-256 East 125th Street
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