Updated Sep 11, 2025
Lions Group NYC Secures $17.43M Refinance Loan From Freddie Mac For Kips Bay Multifamily
227 Lexington Avenue
$17,435,000
$498/SF
Building Size
35,000 SF
Asset Type
MultiFamily
Closing
Aug 12, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 227 Lexington Avenue, Kips Bay, Manhattan. This property spans a total of 35,000 square feet and has secured a loan amount of $17,435,000 through a refinance arrangement.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,435,000
- Lender: Freddie Mac
- Landlord: Lions Group NYC
- Broker: Bryan Grover - Greystone
- Date of Transaction: 8/13/2025
This transaction involves key individuals such as Bryan Grover, who acted as the broker representing the landlord, Lions Group NYC. The financial structuring was facilitated through Freddie Mac, highlighting the involvement of significant entities in the financing process.
On the Map
$17,435,000
$498/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93