Parkview Financial Provides $9.1M Construction Loan For Multifamily And Retail Project In East Harlem | 1638-1640 Park Avenue | Parkview Financial | James Murad, Adam Hakim | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

22,753 sqft

The loan for the property at 1638-1640 Park Avenue in East Harlem has been finalized. The property is a multifamily building with a total square footage of 22,753. It consists of 24 apartments, including 9 affordable units, and also features 1,843 square feet of retail space. The loan amount for this transaction is $9,100,000, which is a first mortgage construction loan provided by Parkview Financial.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $9,100,000
Address: 1638-1640 Park Avenue
Market: East Harlem
Square Footage: 22,753

The landlord of the property is Affect Group. The brokers involved in the deal are Adam Hakim and James Murad from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

James Murad

Senior Vice President

Adam Hakim

Senior Managing Director

Details

Deal Summary

FINANCED

IMAGE: Adam Hakim & James Murad DATE: 10/28/2022 ADDRESS: 1638-1640 Park Avenue MARKET: East Harlem ASSET TYPE: Multifamily ~ SF: 22,753 LENDER: Parkview Financial LANDLORD: Affect Group BROKERS: Adam Hakim & James Murad - Meridian Capital Group LOAN AMOUNT: $9,100,000 LOAN TYPE: First Mortgage Construction Loan LOAN TERMS: 22,753 GSF including 24 apartments (9 affordable) and 1,843 NSF of retail space

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Address1638-1640 Park Avenue

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