Northeast

NEW YORK CITY — A defaulted mortgage note on two adjacent multifamily properties in New York City’s upper west side have been purchased for $7.8 million. The five-story walk-up apartment buildings are located at 132 and 134 W. 109th St. and are a combined 18,720 square feet. The buildings have recently received new roofs and refurbished hallways and corridors. Eastern Consolidated’s Eric Anton and Ronald Solarz represented the owner, a European bank, at the foreclosure sale. A private New York City family, under the corporate name West 109th Holdings, purchased the note. Steven Holm, an attorney with Holm & Drath, represented the family and John C. St. Jeanos, an attorney with Herrick, Feinstein, represented the seller in the transaction.

NEW YORK CITY — The Community Preservation Corporation has provided a $1.16 million construction loan for two Harlem apartment buildings’ rehabilitation. The three-story brick walk-up apartments on Astor Row are located at 60 and 62 W. 130th St. and are designated as a historic landmark by the NYC Landmarks Preservation Commission. Astor Row features 28 semi-attached row houses. The buildings are owned by PFC Astor Row HDFC and, once completed, will feature two two-bedroom apartments and a duplex garden apartment. The NYC Department of Housing Preservation and Development also provided $330,000 in additional financing under its Preservation Participation Loan Program. J-P Design Inc. has been selected as the architect and Setanta Restoration Inc. has been chosen as the contractor.