Meridian Capital Group Arranges $9.5 Million in Acquisition Financing for a Retail Condominium on Second Ave. in Manhattan

New York, NY – Meridian Capital Group, America’s most active dealmaker, arranged $9.5 million in acquisition financing for the purchase of the retail condominium located at 119 Second Ave. in New York, NY on behalf of Premier Equities.

The 15-year loan, provided by a balance sheet lender, features a rate of 3.43% and amortizes on a 25-year schedule. This transaction was negotiated by Meridian Senior managing director, Cary Pollack, and vice president, Judah Neuman who are both based in the company’s New York City headquarters.

Located at 119 Second Ave. between Cooper Square and the East Village, the 6,400 s/f retail condominium is tenanted by Bank of America.

“We are pleased to have negotiated long-term, fixed-rate acquisition financing for Premier Equities that reflects the high-quality tenancy they put in place while they had the deal under contract,” said Mr. Pollack.

Tags: Brokerage

Reprint

Previous Story Next Story

Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.

IPRG closes $2.175m sale of 247 Leonard St.

GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions

GFP continues leasing momentum at 322 Eighth Ave.

Zimmet Law Group signs 5,476 s/f lease at GFP Real Estate’s 515 Madison Ave.

Zimmet Law signs 5,476 s/f lease at GFP’s 515 Madison Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Governor Hochul appoints Valery of EVI to Rockland Community College board of trustees

Columns and Thought Leadership

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.