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244 West 72nd Street

Updated Mar 26, 2025

FINANCEDMultiFamily

City Urban Realty Secures $31.7 Million Bridge Loan From IDB Bank For Multifamily Asset In New York

244 West 72nd Street

$31,700,000

$363/SF

Building Size

87,150 SF

Asset Type

MultiFamily

Closing

Feb 20, 2025

About this deal

AI

The property asset involved is a MultiFamily type located at 244 West 72nd Street in New York. The transaction included a loan amount of $31,700,000.00, classified as a bridge loan.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $31,700,000.00
Lender: IDB Bank
Landlord: City Urban Realty
Loan Date: 02/20/2025

The deal features IDB Bank as the lender providing the financing for this transaction, while City Urban Realty acts as the landlord in this arrangement.

The multifamily loan at 244 West 72nd Street in New York, New York financed for $31.7M in 2025. Reported inventory is 87,150 square feet across 88 units, or about 363 per square foot. Alan Perlmutter, Daniel Miller, Gcp Capital Group appear on the loan alongside Gcp Capital Group. This page is the New York, New York file for the 244 West 72nd Street multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 244 West 72nd Street around 2025. Published consideration for 244 West 72nd Street is $31.7M, dated 2025. Cite this City Urban Realty Secures $31.7 Million Bridge Loan From IDB Bank For Multifamily Asset In New York loan when underwriting similar multifamily product around New York, New York.