Signature Bank Provides $143M Loan For Multifamily Properties In Lenox Hill, Manhattan

The multifamily property located at 200 East 65th Street and 336 East 71st Street in Lenox Hill, Manhattan has recently undergone a closed transaction. The property consists of 30 units and has been acquired by Milstein Properties, a prominent landlord in the area. The transaction was facilitated by Signature Bank, who provided a loan amount of $143,000,000 to support the purchase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $143,000,000
• Address: 200 East 65th Street & 336 East 71st Street
• Market: Lenox Hill, Manhattan
• Units: 30

Milstein Properties, a well-known landlord, has successfully acquired this multifamily property in Lenox Hill. Signature Bank played a significant role in the transaction by providing a loan amount of $143,000,000, enabling Milstein Properties to complete the purchase. This successful deal highlights the ongoing activity and investment in the vibrant Lenox Hill market.