511 East 80th - New York, NY



	CRONHEIM MORTGAGE ARRANGES $6,000,000 FOR MULTI-FAMILY PROPERTY IN NEW YORK New York, NY – Andrew Stewart and Dev Morris of David Cronheim Mortgage Corporation have secured financing of $6,000,000 for a 128-unit multifamily property located at 511 East 80^th Street, New York, NY. The loan was placed for a 10-year term and has a 30 year amortization period. Cronheim acts as loan servicer and correspondent for the loan. The subject property is a fifteen story, two-elevator multi-family apartment building located on the Upper East Side of Manhattan. The luxury doorman building consists of 128 units. There is also an enclosed, underground parking garage. The subject property is between York and East End Avenue and is a short walk from Carl Schurz Park and Grace Mansion on Manhattan’s Upper East Side. The subject property is located 3 blocks from a Subway station at 77^th street, serving the 4, 5, and 6 trains. The subject is located within two blocks of Second Avenue, a major corridor of local restaurants and retail opportunities.