Fed raised rates 25 bps to 3.75%–4.00%. Borrowers are shifting toward short-term debt as higher rates pressure asset values, while strong liquidity continues to support lender competition and deal activity.
79’ Wide East Harlem Development Site With Air Rights & Light/Air Easement: 224-228 East 118th Street
OCT
22
The 79' wide, approximately 7,980 SF parcel consisted of a vacant lot and a vacant townhouse at the time of sale.