1392 Third Ave

Location: Manhattan, NY
Type: Mixed Use
Price: $ 3,640,000

SMC’s $3,640,000 first mortgage loan is collateralized by a mixed use, 5,800 SF, 4-story walkup apartment building containing 6 residential units and 1 ground floor retail unit on Third Avenue between East 79th Street and East 80th Street in Manhattan. Proceeds from the subject financing were used to refinance a maturing loan with a current balance of $3,200,000.