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

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.