JRC Management's Richard Podpirka Secures $35M Refinance From Citibank For MultiFamily Buildings

The transaction involves three residential buildings located at 140 East 7th Street, 144 East 7th Street, and 150 East 7th Street in the Alphabet City neighborhood of Manhattan, totaling a square footage of 96,055. The properties consist of 197 residential units and were refinanced for an amount of $35,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $35,000,000
• Address: 140 East 7th Street, 144 East 7th Street & 150 East 7th Street
• Market: Alphabet City, Manhattan
• Asset Square Footage: 96,055
• Lender: Citibank
• Landlord: Richard Podpirka - JRC Management
• Loan Type: Refinance

JRC Management, represented by Richard Podpirka, secured refinancing from Citibank for the three properties through JRC Realty LLC, facilitating the financial arrangement for the residential buildings in Manhattan.