Matt Swerdlow Acquires Mixed Use Property In East Harlem With $7.3M Loan From Sterling National Bank

Matt Swerdlow of Sterling National Bank provided a loan of $7,325,000, which amounted to 75% of the loan-to-value (LTV) ratio, for a mixed-use property located at 2191 Third Avenue in East Harlem. The property spans 15,765 square feet and is owned by START Treatment & Recovery – Dr. Lawrence S. Brown, Jr.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $7,325,000
• Address: 2191 Third Avenue
• Market: East Harlem
• Lender: Sterling National Bank
• Landlord: START Treatment & Recovery – Dr. Lawrence S. Brown, Jr

Matt Swerdlow, a broker at Sterling National Bank, represented the parties involved in this transaction. He played a crucial role in securing the loan for the property.