New York CityNew York City

Purchase of Non-Performing Mortgage – 98 Units in East Harlem

Brick Realty Capital LLC, through an affiliate entity, purchased a non-performing blanket first mortgage that encumbers five New York City multi-family apartment buildings. Located in East Harlem, the properties consist of 97 residential apartments and 1 retail store. Brick closed on the purchase of the loan within 7 days of the signing a Contract of Sale.