David Gleitman Of TARGO Capital Partners Secures $13.3M Acquisition Loan From Citizens Bank In Nolita

The property asset involved in the transaction includes two multifamily buildings located at 236 and 242 Elizabeth Street in Nolita, Manhattan. The total asset encompasses 14,451 built square feet with an acquisition loan amount of $13,300,000. The properties feature 12 residential units in addition to 7,733 square feet of air rights.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,300,000
• Address: 242 Elizabeth Street & 236 Elizabeth Street
• Market: Nolita, Manhattan
• Lender: Citizens Bank
• Landlord: David Gleitman - TARGO Capital Partners
• Loan Type: Acquisition

Notably, TARGO Capital Partners facilitated the acquisition loan from Citizens Bank, representing David Gleitman in the transaction of these multifamily assets.