228 East 58th Street

Location: New York, NY
Type: Mixed Use
Price: $ 4,500,000

SMC has provided a $4,500,000 Loan to facilitate the acquisition of 228 East 58th Street. The Property is a mixed-use projected located in New York, NY. The Property is comprised of six multifamily units and one retail tenant. The Property is located in Manhattan’s Midtown East neighborhood, between Second and Third Avenues. The area generally consists of retail, restaurants and multifamily housing. Major retailers in the area include Bloomingdales, Home Depot, Zara, and Whole Foods. The Property is also located a block from the Decoration and Design Building, which has been part of New York’s decorative world for over 40 years.