FINANCED
Madison Realty Capital Provides $173M Loan For West Chelsea Development Site
241 West 28th Street
Development Site
173,000,000 SF
173,000,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
173,000,000 sqft
The development site located at 241 West 28th Street in West Chelsea has been involved in a closed transaction. The property consists of 479 units, with 30% of them being affordable housing. The loan image for this transaction features Josh Zegen, MaryAnne Gilmartin, and Adi Chugh. The deal took place on October 16, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $173,000,000
- Address: 241 West 28th Street
- Market: West Chelsea
- Units: 479 (30% Affordable)
MAG Partners, Safanad, Atalaya Capital Management, and Qualitas are the landlords involved in this transaction. Madison Realty Capital acted as the lender. Additionally, Adi Chugh from Maverick Capital represented the deal. Jeff Rosen, of MAG Partners, served as the landlord representative.
Players
All
1
Agents
1
Details
FINANCED
IMAGE: IMAGE: Josh Zegen, @MaryAnneGilmartin & Adi Chugh
DATE: 10/16/2020
ADDRESS: 241 West 28th Street
MARKET: West Chelsea
ASSET TYPE: Development Site ~ UNITS: 479 (30% Affordable)
LENDER: @MadisonRealtyCapital
LANDLORD: MAG Partners, Safanad, Atalaya Capital Management & Qualitas
: Adi Chugh – Maverick Capital
LANDLORD REP: Jeff Rosen – MAG Partners
LOAN AMOUNT: $173,000,000 LOAN […]View on map
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Address241 West 28th Street
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