1143 First Avenue

Property Name: 1143 First Avenue
Location: New York, NY
Property Type: Apartment/Retail
Transaction Type: First Mortgage
Loan Amount: $1,970,000
Details: Houlihan-Parnes Realtors, LLC, together with its mortgage brokerage affiliate, Q10 New York Realty Advisors, represented by Jeanne Cronin, Managing Director of Q10NY, are pleased to announce the placement of a $1,970,000 first mortgage on a 5-story, fully leased, apartment building with ground-floor retail located at 1143 First Avenue between East 62nd and East 63rd Streets in the heart of the Upper East Side of Manhattan. The retail units are leased to two restaurants: Sushi Seki and Taco City. Both restaurants have been mainstays in this location for over two decades. The apartments are predominantly 2-bedroom units that are in great demand and rarely become available. The 5-year, non-recourse, PAR loan has a rate of 4.25% which is fixed for the term of the loan. The loan is pre-payable throughout the term on a declining scale. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property throughout the United States. Q10 | New York Realty Advisors, LLC is a member of Q10 Capital, LLC a leading commercial mortgage banking and investment sales company with 26 offices in 20 states nationwide. Together, Houlihan Parnes and Q10NY have the resources and expertise to successfully provide debt and equity solutions to all types of real estate transactions regardless of property type, size, location and complexity. For more information please contact Jeanne Cronin of Q10 | New York Realty Advisors at 914-694-6070 or visit our websites at www.Q10capital.com and www.houlihanparnes.com
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