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Daniel Lederman Of Donald Zucker Company Refinances 197-Unit Apartment At 115 East 34th Street For $55M

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FINANCED
$55,000,000

New York

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MultiFamily
Financed 12/05/2024
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Property Image
FINANCED

Daniel Lederman Of Donald Zucker Company Refinances 197-Unit Apartment At 115 East 34th Street For $55M

115 East 34th Street

See Similar Deals
MultiFamily
Financed 12/05/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The Murray Hill is a multifamily apartment building located at 115 East 34th Street in the Murray Hill neighborhood, boasting a total of 197 units. The property recently underwent refinancing, which involved a substantial loan amount of $55,000,000 supported by its asset type and market characteristics.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $55,000,000
  • Loan Type: Refinance
  • Lender: Brooks Tingle - John Hancock Life Insurance Company
  • Landlord: Daniel Lederman - Donald Zucker Company
  • Brokers: Andrew McNulty, Kevin Swartz & Scott A. Singer - Avison Young

This transaction involved key financial figures and entities, specifically the Donald Zucker Company which refinanced the property. The loan was orchestrated through Manulife's subsidiary, John Hancock Life Insurance Company, highlighting the financial partnerships involved in this multifamily property deal.

Players

Scott A. Singer
2 deals$79M volume(212) 735-8555
BROKER

Kevin Swartz
Avison Young
6 deals$628M volume(914) 419-0062
BROKER

Andrew McNulty
Avison Young
2 deals$79M volume(631) 262-1856
BROKER

Manulife
LENDER

Details

FINANCED
IMAGE: Scott A. Singer, Brooks Tingle, Daniel Lederman, Laurie Zucker, Kevin Swartz & Andrew McNulty DATE: 12/05/2024 ADDRESS: 115 East 34th Street MARKET: Murray Hill ASSET TYPE: Multifamily ~ UNITS: 197 LENDER: Brooks Tingle - John Hancock Life Insurance Company LANDLORD: Daniel Lederman - Donald Zucker Company BROKERS: Andrew McNulty, Kevin Swartz & Scott A. Singer - Avison Young (@Avison_Young_Global) LOAN AMOUNT: $55,000,000 LOAN TYPE: Refinance NOTE: The Donald Zucker Company refinanced The Murray Hill, a 197-unit apartment building in Manhattan, with a $55 million, 10-year loan from Manulife’s John Hancock Life Insurance Company. InsuranceCompany

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00