Ben Ohebshalom & Jonathan Ohebshalom Refinance Multifamily Asset At 224 & 220 Sullivan Street For $22.5M

The asset involved in this transaction is a multifamily property located at 224 Sullivan Street and 220 Sullivan Street in Greenwich Village, Manhattan. The total square footage of the properties is 41,840, comprising 124 units. The refinance loan amount secured for these properties is $22,500,000 through M&T Bank, replacing the prior debt from Santander Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,500,000
• Lender: M&T Bank
• Landlord: Ben Ohebshalom & Jonathan Ohebshalom - Sky Management
• Previous Lender: Santander Bank

The key individuals in this transaction are Ben Ohebshalom and Jonathan Ohebshalom, acting on behalf of Sky Management as the landlords of the properties. They successfully facilitated the refinancing process, which allowed for the replacement of the existing debt, enhancing their financial flexibility in managing the multifamily assets.