Jeff T. Blau Of Related Companies And David Kramer Of Hudson Companies Secure $260M Loan For Condo At 405 Main Street

The asset involved in this transaction is a condo located at 405 Main Street in Roosevelt Island, Manhattan. The property encompasses a total built space of 212,021 square feet, which includes 242 residential units. The loan amount secured by the landlords is $260,000,000, provided by Roosevelt Island Operating Corporation.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $260,000,000
• Address: 405 Main Street
• Market: Roosevelt Island, Manhattan
• Asset Size: 212,021 SF
• Landlord: Jeff T. Blau - Related Companies
• Landlord: David Kramer - Hudson Companies
• Lender: Roosevelt Island Operating Corporation

Jeff T. Blau and David Kramer are the landlords representing Related Companies and Hudson Companies, respectively, in this transaction. They secured the loan for their three properties on Roosevelt Island, which include a significant number of residential units, pointing to a robust investment strategy in the market.