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261-275 Amsterdam Avenue

Laub Realty & Eastgold Holdings Refinance Mixed-Use Property In Upper West Side For $95M

261-275 Amsterdam Avenue

111,997 SF
clock iconFinanced 1 year ago
Brandon Harris
Phil Bowman
Bryan Manz
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111,997 sqft

The Beaux Arts-style property located at 261-275 Amsterdam Ave in the Upper West Side of New York has recently undergone a $95 million loan refinance. The loan, provided by Morgan Stanley, featured a fixed rate of 3.55% and a ten-year term with full-term, interest-only payments. The property, constructed in 1905, spans 12 stories and consists of 134 units. In addition, it includes approximately 20,837 square feet of at-grade retail space with national tenants such as Chipotle and Capital One.

Summary of Transaction Details:

Black Bear Capital Partners, a prominent real estate finance firm, has been involved in numerous financings, including this loan, which highlights their nationwide presence and ability to provide capital in various markets. With extensive experience in the industry, Black Bear Capital Partners continues to expand its team to meet the growing demands brought about by the real estate dislocations caused by the pandemic.


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Brandon Harris's profile picture
Brandon Harris
Black Bear Capital Partners-image
Managing Partner
$76.1M Sold
Phil Bowman's profile picture


Deal Summary
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IMAGE: Phil Bowman & Brandon Harris DATE: 04/27/2021 ADDRESS: 261-275 Amsterdam Ave. MARKET: Upper West Side, NY ASSET TYPE: Mixed-use LANDLORD: Laub Realty & Eastgold Holdings LENDER: Morgan Stanley BROKERS: Bryan Manz, Brandon Harris, & Phil Bowman - @BlackBearCapitalPartners LOAN AMOUNT: 95,000,000 LOAN TYPE: Refinance LOAN TERMS: The $95 million loan featured a fixed rate of 3.55% and ten years of full-term, interest-only payments. NOTE FROM @BlackBearCapitalPartners: Constructed in 1905, the Beaux Arts-style, 134-unit property spans 12 stories between 72nd and 73rd streets. The building also comprises roughly 20,837 square feet of at-grade retail space with national tenants that include Chipotle and Capital One. BBCP has closed numerous financings during the past few months for clients nationwide, including in New York, New Jersey, Pennsylvania, Connecticut, Texas, California, Florida, Ohio, Illinois, Arizona, Nevada, South Carolina, Minnesota, Georgia and Nebraska, and is planning new senior-level hires soon, as part of a strategic initiative to service new demands for capital resulting from pandemic-induced real estate dislocations.

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Address261-275 Amsterdam Avenue


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