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Gordon Property Group Secures $50M Refinance Loan From M&T Realty Capital For 56-Unit Multifamily

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FINANCED
$50,000,000

New York

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MultiFamily
Financed 06/18/2025
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Property Image
FINANCED

Gordon Property Group Secures $50M Refinance Loan From M&T Realty Capital For 56-Unit Multifamily

152 East 87th Street

See Similar Deals
MultiFamily
Financed 06/18/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 152 East 87th Street in Carnegie Hill, Manhattan. This luxury building comprises 56 units and has been refinanced for a total loan amount of $50,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $50,000,000
  • Lender: Michael Edelman - M&T Realty Capital Corporation
  • Landlord: Allan Gordon - Gordon Property Group
  • Loan Type: Refinance
  • Market: Carnegie Hill, Manhattan

The transaction was secured by Gordon Property Group, which obtained a Freddie Mac-backed loan from M&T Realty Capital Corporation to refinance the Alyn, a notable multifamily building in Manhattan’s Carnegie Hill area.

Players

M&T Realty Capital Corporation
M&T Realty Capital Corporation
LENDER
M&T Realty Capital Corporation
M&T Realty Capital Corporation
LENDER
GG
Gordon Property Group
LANDLORD
GG
Gordon Property Group
LANDLORD

Details

FINANCED
IMAGE: Michael Edelman DATE: 06/18/2025 ADDRESS: 152 East 87th Street MARKET: Carnegie Hill, Manhattan ASSET TYPE: Multifamily ~ UNITS: 56 LENDER: Michael Edelman - M&T Realty Capital Corporation LANDLORD: Allan Gordon - Gordon Property Group (@GordonProptyGrp) LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance NOTE: Gordon Property Group secured a $50M Freddie Mac-backed loan from M&T Realty Capital Corporation to refinance the Alyn, a 56-unit luxury multifamily building in Manhattan’s Carnegie Hill.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,000,000.00

Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00