2109 1st Ave Realty Corp Acquires Mixed-Use Property In New York City With $17.85M Loan

2109 First Avenue & 339 East 108th Street, a mixed-use property with 44,733 square feet, was recently involved in a closed transaction. The property consists of 66 multifamily units and 7,497 square feet of retail space. The transaction date was 7/2/2020.

Summary of Transaction Details

• Property Type: Mixed-Use
• Transaction Amount: $17,850,000
• Address: 2109 First Avenue & 339 East 108th Street
• Size: 44,733 square feet
• Units: 66 multifamily units + 7,497 square feet of retail space

Metropolitan Commercial Bank provided a loan amount of $17,850,000 for this transaction. The landlord of the property is 2109 1st Ave Realty Corp.

The deal was facilitated by brokers Steven Sperandio and Dylan Kane of B6 Real Estate.