Updated Jun 18, 2026
Glenwood Management Secures $38 Million Refinance Loan From Wells Fargo For Yorkville Multifamily
1775 York Avenue
$38,000,000
$109/SF
Building Size
347,118 SF
Asset Type
MultiFamily
Closing
Jun 4, 2026
About this deal
AI
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
York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Glenwood Management to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93