Lalezarian Properties Refinances Midtown East Multifamily For $60M

The multifamily property located at 232 East 54th Street, in the Midtown East neighborhood of Manhattan, has recently undergone a loan refinancing transaction. The property spans approximately 120,000 square feet and consists of 130 units. The transaction was completed on 10/21/2022.

Summary of transaction details

• Asset Type: Multifamily
• Address: 232 East 54th Street
• Market: Midtown East, Manhattan
• Square Footage: 120,000
• Units: 130

The loan for this transaction was provided by Bank of New York Mellon. The loan amount was $60,000,000, and it was granted for the purpose of refinancing. Kamal Yagubov from Bank of New York Mellon represented the lender in this deal. Lalezarian Properties, represented by Kevin Lalezarian, was the landlord involved in the transaction.