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2145 2nd Ave
New York, NY 10029
Multifamily Property For Sale · 8 Units

INVESTMENT HIGHLIGHTS

  • The Loan provides investors the ability to potentially step into the ownership position on a mixed-use property at an attractive basis.
  • The retail portion of the Property is currently 100% occupied by a traditional steakhouse that has occupied the Property dating back to 2011.
  • The Property is situated within two-blocks of a subway station that services the 4-6 lines, providing access to the Bronx, Manhattan, and Brooklyn.
  • East Harlem Multifamily Submarket is highlighted by dwindling vacancies driven by renters competing for limited inventory.

LOAN DETAILS

Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
90+ Days Delinquent
First
$1,975,972
$2,100,000
11/10/2027
1 Months
90+ Days Delinquent
First
$1,975,972
$2,100,000
11/10/2027
1 Months
21 Months
6.89%
Fixed
Yes
No
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
21 Months
6.89%
Fixed
Yes
No

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.04 AC
Building Size 7,375 SF
No. Stories 5
Year Built 1910
APN / Parcel ID 1660-0023
Zoning R8A - High density residential district

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Listing ID: 33564878

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 2145 2nd Ave, New York, NY 10029

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