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Bank Hapoalim Provides $66M Construction Loan For East Harlem Industrial Property

1844 Park Avenue
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This Industrial property located in NY received a loan of $66,000,000 about 2 years ago.

The property involved in this closed transaction is an industrial asset located at 1844 Park Avenue in East Harlem. The property spans approximately 106,460 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $66,000,000
  • Address: 1844 Park Avenue
  • Market: East Harlem
  • Lender: Bank Hapoalim
  • Landlord: Artimus
  • Loan Type: Construction Loan

The lender in this transaction is Bank Hapoalim, providing a construction loan of $66,000,000. The landlord involved in the deal is Artimus.

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  • Location
    1844 Park Avenue, New York City, New York 10035, United States1844 Park Avenue, New York City, New York 10035, United States
  • Loan Value
    $66,000,000$66,000,000
  • Asset Type
    IndustrialIndustrial

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Deal Summary

LOAN DATE: 03/04/2022 ADDRESS: 1844 Park Avenue MARKET: East Harlem ASSET TYPE: Industrial ~ SF: 106,460 LENDER: Bank Hapoalim LANDLORD: Artimus LOAN AMOUNT: $66,000,000 LOAN TYPE: Construction Loan

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