HAP Investments obtained financing of $11M from Prime Finance Partners

HAP Investments through the entity 2338 Second Avenue Mazal LLC as borrower signed a loan agreement with lender Prime Finance Partners through the entity Pfp Holding Company Vi, LLC valued at $11.3 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 30 residential units at 2338 2nd Avenue in East Harlem. The deal closed on August 23, 2019 and was recorded on September 09, 2019.
The property contains a total of 23,913 square feet of built space. The property has 3,840 square feet of available development rights.
The average loan per unit is $375,000.
The last time the property sold was August 03, 2011, for $1,525,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link