Manhattan Skyline Management Secures $70M Refinance Loan For Murray Hill Multifamily

The property involved in this transaction is located at 115 E. 34th St. in Murray Hill. It is a multifamily asset with a total square footage of 165,000. The property consists of 197 units, making it a significant residential investment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 115 E. 34th St.
• Market: Murray Hill
• Square Footage: 165,000
• Number of Units: 197

The lender for this transaction is PCCP, with Brian Haber serving as the representative for the lending company. The landlord of the property is Manhattan Skyline Management Corp. The brokers responsible for facilitating the deal are James Millon and Tom Traynor from CBRE.

It is important to note that this transaction is a refinance, indicating that the loan amount of $70,000,000 is being used to replace an existing loan, providing the property owner with financial flexibility and potentially better terms.