Citi Bank Provides $31M Loan For Mixed-Use Property In Chelsea, Manhattan

A mixed-use property located at 521 West 21st Street in Chelsea, Manhattan has recently undergone a closed transaction. The property spans a total of 130,600 square feet, offering a diverse range of possibilities for both residential and commercial purposes. The deal involved a refinancing loan from Citi Bank, amounting to $31,000,000. The loan term is set at 5 years with a CMBS structure.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $31,000,000
• Address: 521 West 21st Street
• Market: Chelsea, Manhattan
• Lender: Citi Bank
• Landlord: Guy Roberts
• Brokers: Justin Natalizio, Matt Polci & Eric Anton - Marcus & Millichap

The brokers involved in this deal were Justin Natalizio, Matt Polci, and Eric Anton, representing Marcus & Millichap. Led by their expertise, the transaction was successfully completed, providing refinancing for the property located at 521 West 21st Street in Chelsea. Their extensive knowledge and connections in the real estate industry played a pivotal role in securing the loan from Citi Bank and navigating the complexities of the transaction.