GFP Properties, Rockwood & Metroloft Secure $500M Construction Loan For 25 Water Street Multifamily In Manhattan

25 Water Street

$500,000,000

$454/SF

Building Size

1,100,000 SF

Asset Type

MultiFamily

Closing

Mar 11, 2022

AI

The property involved in this transaction is a multifamily asset located at 25 Water Street in Manhattan. It has a total square footage of approximately 1,100,000 and comprises 1,200 units. The landlords of the property are GFP Properties, Rockwood, and Metroloft.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $500,000,000
Lender: MSD Capital
Brokers: Brett Siegel, Evan Layne, Dustin Stolly & Jordan Roeschlaub - Newmark

The loan for this transaction, valuing $500,000,000, was provided by MSD Capital. The loan type is specified as construction. The deal was facilitated by brokers Brett Siegel, Evan Layne, Dustin Stolly & Jordan Roeschlaub from Newmark.

Players