MAG Partners Refinances Multifamily Property At 243 West 28th Street In New York For $196M

The recently completed transaction involved a multifamily property located at 243 West 28th Street in New York. This property spans an impressive 433,202 square feet and comprises 480 units, making it a significant asset in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $196,000,000
• Lender: Elliott Investment Management L.P
• Landlord: MAG Partners

With a loan amount of $196,000,000, the financing for this transaction was provided by Elliott Investment Management L.P. This loan served as a refinance, helping to optimize the property's financial structure and potentially unlock additional value for the stakeholders involved.

MAG Partners, the landlord in this deal, demonstrated strategic decision-making by collaborating with reputable lenders to secure favorable loan terms. The transaction showcases the expertise and vision of all parties involved, highlighting their commitment to responsibly grow their real estate portfolios in the dynamic New York market.