Martin Kirzner borrows $15M from New York Community Bank for multifamily property in Mott Haven

Martin Kirzner through the entity Medary Stenton Associates as borrower signed a loan agreement with lender New York Community Bank valued at $15.0 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 109 residential units at 526 East 138th Street, 530 East 138th Street, 534 East 138th Street in Mott Haven. The deal closed on December 17, 2019 and was recorded on December 20, 2019.
The property contains a total of 20,976 square feet of built space.
The average loan per unit is $137,615.

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