Eastern Union Funding Arranges $10.3M Acquisition Loan for Six-Building Multifamily Portfolio in Harlem


ABJ Properties has acquired a six-building multifamily portfolio in Harlem, including a building at 2401 Adam Clayton Powell Jr. Blvd., for $16 million.

NEW YORK CITY — Eastern Union Funding has arranged a $10.3 million acquisition loan on behalf of ABJ Properties for its $16 million purchase of a multifamily portfolio in Harlem. The six-building portfolio comprises 82 apartments and six retail spaces. The properties are located at 53-55 W. 130th St., 165 W. 122nd St., 56 W. 127th St., 2401 Adam Clayton Powell Jr. Blvd., and 342 and 346 Lenox Ave. Meir Kessner and Ira Zlotowitz of Eastern Union Funding secured the loan, which was provided by Customers Bank.

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