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Webster Bank Provides $9.2M Loan For Mixed-Use Property On Lenox Avenue In Central Harlem

321 Lenox Avenue
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This Mixed-use property located in NY received a loan of $9,200,000 almost 2 years ago. The brokers of the deal were Matt Dzbanek and Matt Swerdlow

The mixed-use property located at 321 Lenox Avenue in Central Harlem, Manhattan has recently undergone a transaction. The property spans approximately 28,426 square feet and includes both residential and commercial spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $9,200,000
  • Address: 321 Lenox Avenue
  • Market: Central Harlem, Manhattan

The lender involved in this transaction is Webster Bank, represented by Lou Fitzgerald. The loan provided for the acquisition of the property has a value of $9,200,000. The loan terms consist of a 2-year interest-only period followed by 5 years fixed, and it is non-recourse. The landlords of the property are OSTB 321 Lenox Avenue, with Eran Nornberg serving as its CEO. The brokers involved in this deal are Matt Swerdlow and Matthew Dzbanek, who represent Ariel Property Advisors.

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Deals
  • Location
    321 Lenox Avenue, New York, NY, 10027321 Lenox Avenue, New York, NY, 10027
  • Loan Value
    $9,200,000$9,200,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Matt Swerdlow

Matt Swerdlow

Deals12
Financed$107.5M

Agency

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

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Deal Summary

LOAN IMAGE: Matthew Dzbanek, Matt Swerdlow, Eran Nornberg & Lou Fitzgerald DATE: 04/29/2022 ADDRESS: 321 Lenox Avenue MARKET: Central Harlem, Manhattan ASSET TYPE: Mixed-use ~ SF: 28,426 LENDER: Webster Bank (@WebsterBank) - Lou Fitzgerald LANDLORD: OSTB 321 Lenox Avenue - Eran Nornberg, CEO BROKERS: Matt Swerdlow (@Matt.Swerdlow) & Matthew Dzbanek - Ariel Property Advisors (@ArielPA.NYC) LOAN AMOUNT: $9,200,000 LOAN TYPE: Acquisition LOAN TERMS: 2 Years Interest Only, 5 Years Fixed, Non-Recourse

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321 Lenox Avenue

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