Eastern Consolidated Helps Refinance Property in Historic Neighborhood

Jonathan Aghravi, a senior partner at Eastern Consolidated, has been active in commercial real estate negotiations and investments for nearly 10 years. Since establishing the Capital Advisory Division, Jonathan Aghravi continues to help partners design capital solutions to leverage existing assets and expand business.

In one of the most recent transactions headed by Eastern Consolidated, Mr. Aghravi was able to secure a $3.75 million loan to refinance 162 Montague Street. A five-story building housing residential, office, and retail spaces, the property is located in the heart of the Brooklyn Heights neighborhood. As the first neighborhood in New York City to receive the distinction of being classified a Historic District, Brooklyn Heights boasts rustic charm with several rows of brownstone and carriage houses, many of which were built in the early 19th century. The area has appealed to countless famous writers and artists such as Truman Capote, Walt Whitman, Salvador Dali, and more. The loan negotiated by Eastern Consolidated provided the resources to refinance the property and will also allow for renovations in the near future.

Located in the heart of New York City and possessing a staff fluent in 15 languages, Eastern Consolidated helps partners capitalize on growth opportunities through customized financial solutions and leveraged negotiations. To learn more about the portfolio of retail properties managed by Eastern Consolidated, visit www.easternconsolidated.com/properties/.