The asset involved in this transaction is a multifamily building located at 125 East 54th Street in Midtown East, Manhattan. The property consists of 64 units and encompasses a total area of 56,073 square feet. Slate Property Group, the landlord, has opted for a refinancing option on this property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,200,000
• Address: 125 East 54th Street
• Market: Midtown East, Manhattan
• Units: 64
• Square Footage: 56,073
• Lender: Webster Bank
• Landlord: Martin Nussbaum & David Schwartz - Slate Property Group
• Loan Type: Refinance

The refinancing of the property replaces a prior debt of $25.3 million held with Customers Bank. Martin Nussbaum and David Schwartz represent Slate Property Group in this transaction. Their coordinated efforts with Webster Bank facilitated the loan process, enabling the refinancing of this multifamily facility.