Better Living Properties Secures $78M Refinance Loan From Citi Bank For Mixed-Use Properties

76 East 1st Street, 120 Orchard Street, 19 Stanton Street, 9 Stanton Street, 11 Stanton Street, 126 East 7th Street, 15 Stanton Street, 2848 Brighton 7th Street, 17 Stanton Street, 203 Chrystie Street, 624 East 11th Street, 1111 Flatbush Avenue, 210 Rivington Street & 244 East Houston Street

$78,000,000

Building Size

—

Asset Type

Mixed-use

Closing

Jul 31, 2025

A loan of $78,000,000 has been arranged for a diversified portfolio consisting of 14 properties located at 76 East 1st Street, 120 Orchard Street, 19 Stanton Street, 9 Stanton Street, 11 Stanton Street, 126 East 7th Street, 15 Stanton Street, 2848 Brighton 7th Street, 17 Stanton Street, 203 Chrystie Street, 624 East 11th Street, 1111 Flatbush Avenue, 210 Rivington Street, and 244 East Houston Street. These properties fall within the East Village, Lower East Side, and Brooklyn markets and include 204 residential units alongside approximately 27,500 square feet of commercial space. This financing acts as a refinance, supporting Better Living Properties' continued strategic growth in key neighborhoods of New York City.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $78,000,000
Lender: Eric Mirvis & Joseph Dyckman - Citi Group
Landlord: Jonathan Soudry - Better Living Properties
Broker Representatives: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital
Market: East Village, Lower East Side & Brooklyn
Loan Type: Refinance

The financing arrangement highlights the collaboration between Better Living Properties and Citi Bank, with Eric Mirvis notably representing Citi in this transaction. Filler Capital LLC played a key advisory role in securing this substantial financing for the Soudry family, showcasing their expertise in managing significant transactions within the New York City real estate market.

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