Marble Hill Capital Partners Acquires Mixed-Use Properties In Manhattan & Brooklyn With $27.5M Loan From IDBNY

165 Eldridge St. & 68 Richardson, a mixed-use property with a total square footage of 62,500, was recently involved in a transaction in Manhattan and Brooklyn. The loan for this acquisition was provided by IDBNY, with Jeremy Romine representing the lender. Marble Hill Capital Partners, represented by Meng Lee and Karim Elsayyad, acted as the landlord. JLL, with Max Herzog, Marko Kazanjian, and Andrew Cohen as brokers, facilitated the deal.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $27,500,000
• Market: Manhattan & Brooklyn
• Lender: IDBNY - Jeremy Romine
• Landlord: Marble Hill Capital Partners - Meng Lee & Karim Elsayyad
• Brokers: Max Herzog, Marko Kazanjian & Andrew Cohen - JLL

This transaction brings together key individuals and companies involved in the deal. While the property's features and financial aspects have already been discussed in the previous paragraph, it is worth noting the collaboration between IDBNY as the lender, Marble Hill Capital Partners as the landlord, and JLL as the brokerage team. These parties played crucial roles in facilitating the successful acquisition of the 165 Eldridge St. & 68 Richardson property.