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Glenwood Management Secures $38 Million Refinance Loan From Wells Fargo For Yorkville Multifamily

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FINANCED
$38,000,000

New York

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MultiFamily347,118 SF
Financed 06/04/2026
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Property Image
FINANCED

Glenwood Management Secures $38 Million Refinance Loan From Wells Fargo For Yorkville Multifamily

1775 York Avenue

See Similar Deals
MultiFamily347,118 SF
Financed 06/04/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:347,118 SF
Transaction Type:Loan

The property asset involved is a multifamily building located at 1775 York Avenue in the Yorkville neighborhood of Manhattan. The asset encompasses 347,118 square feet and comprises 272 residential units. This transaction involves a loan amount of $38 million secured for refinancing purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $38,000,000
  • Address: 1775 York Avenue
  • Market: Yorkville, Manhattan
  • Asset Size: 347,118 SF
  • Units: 272
  • Lender: Wells Fargo
  • Landlord: Howard Swarzman - Glenwood Management

The refinancing deal was facilitated by Glenwood Management through its affiliate, 92nd Realty LLC. This arrangement underscores the strategic financial moves made by the landlord to enhance the property's capital structure in a competitive market landscape.

Players

Wells Fargo
Wells Fargo
LENDER
HS
Howard Swarzman
1 deal$38M volume
LANDLORD

Details

FINANCED
IMAGE: 06/04/2026 ADDRESS: 1775 York Avenue MARKET: Yorkville, Manhattan ASSET TYPE: Multifamily ~ SF: 347,118 ~ UNITS: 272 LENDER: Wells Fargo (@WellsFargo) LANDLORD: Howard Swarzman - Glenwood Management LOAN AMOUNT: $38,000,000 LOAN TYPE: Refinance NOTE: Glenwood Management, through 92nd Realty LLC, secured a $38 million refinancing from Wells Fargo for its 272-unit elevator building at 1775 York Avenue in Yorkville, Manhattan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,000,000.00

Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00