Ariel Property Advisors Brokers $25.35M Acquisition & Construction Loan For 120-125 Riverside Drive Multifamily | 120-125 Riverside Drive | Matt Swerdlow, Matthew (Matt) Dzbanek | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

80,000 sqft

The recently closed property transaction took place at 120-125 Riverside Drive in the Upper West Side market. The asset involved is a multifamily property with a total square footage of 80,000. It comprises 82 units, making it a significant investment opportunity in a prime location.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $25,350,000
Loan Type: Acquisition & Construction
Loan Terms: 5 Years, 60% LTC, 7.25% Rate Fixed Rate, 2 Years IO

Matthew Dzbanek and Matt Swerdlow, representing Ariel Property Advisors, were the brokers involved in this transaction. Their expertise and negotiation skills played a crucial role in facilitating the deal. They were able to secure a loan amount of $25,350,000 for the acquisition and construction of the property.

Players

All
3

Agents
2
Agencies
1

Matt Swerdlow

Director of Capital Services

Matthew (Matt) Dzbanek

Senior Director of Capital Services

Ariel Property Advisors

Details

Deal Summary

FINANCED

IMAGE: Matthew Dzbanek & Matt Swerdlow DATE: 01/30/2024 ADDRESS: 120-125 Riverside Drive MARKET: Upper West Side ASSET TYPE: Multifamily ~ SF: 80,000 ~ UNITS 82 BROKERS: Matthew Dzbanek (@MJDzee ) & Matt Swerdlow - Ariel Property Advisors (@ArielPA.NYC) LOAN AMOUNT: $25,350,000 LOAN TYPE: Acquisition & Construction LOAN TERMS: 5 Years, 60% LTC, 7.25% Rate Fixed Rate, 2 Years IO

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Address120-125 Riverside Drive

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