Bank Leumi Provides $116.7M Loan For Residential Tower Development At 368 Third Avenue, Kips Bay | 368 Third Avenue | Bank Leumi | Yoav Oelsner, Glenn Tolchin, Anthony Ledesma | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

116,000 sqft

Lior Carucci and Yehuda Mor collaborated on a residential new development project located at 368 Third Avenue in the Kips Bay market. The property, developed by Minrav Development, spans across 116,000 square feet and consists of a 103-unit residential tower.

Summary of transaction details

Property Type: Residential new development
Transaction Amount: $116.7M
Address: 368 Third Avenue
Market: Kips Bay

The lender for this project was Bank Leumi. It's important to note that Minrav Development served as the landlord for the property. The loan amount provided by Bank Leumi was $116.7 million.

Players

All
6

Agents
3
Agencies
2
Lenders
1

$366.8M Sold

$421.3M Sold

$1.1B Sold

Upland Property Advisors

Hodges Ward Elliott

Bank Leumi

Details

Deal Summary

FINANCED

IMAGE: Lior Carucci and Yehuda Mor DATE: 11/08/2018 ADDRESS: 368 Third Avenue MARKET: Kips Bay ASSET TYPE: Residential new development LENDER: Bank Leumi LANDLORD: Minrav Development BSF: 116K SF LOAN AMOUNT: $116.7M.7 PLANS: 103 Unit Resi tower.

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Address368 Third Avenue

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