214 Franklin Street

Location: Brooklyn, NY
Type: Mixed Use
Price: $ 5,400,000

SMC’s $5,400,000 first mortgage loan is collateralized by a newly renovated mixed use, 21,175SF, 3-story walk-up apartment building with 10 residential apartment units, 3 ground-floor commercial spaces and one below-grade storage space on the east side of Franklin Street between Huron and Green Streets in the Greenpoint section of Brooklyn. The subject financing relinquished a portion of the Sponsor’s total proceeds which were used to add the third floor with 6 duplex apartment lofts in 2008.