Axiom Capital has structured and arranged a $6,000,000 permanent loan for the acquisition and renovation of a 6,714 gross square foot, four-story, mixed-use building in New York (West Village), NY.
The Property has been anchored by the highly rated modern Italian eatery, L’Artusi since 2008. L’Artusi is a bi-level, 2,500 +/- square foot, 110 seat restaurant that features comfortable banquette seating, extended traditional bar, cheese bar and a chef’s counter that overlooks the open kitchen. There are six, one-bedroom, market rent apartments (two per floor) that have been vacant for nearly a decade. The Sponsors plan to complete upgrades to all units. The Property is in the highly desirable West Village neighborhood.