Bank OZK Provides $95M Construction Loan For Multifamily Property At 300 East 50th Street In Turtle Bay, Manhattan

The property at 300 East 50th Street in Turtle Bay, Manhattan has been involved in a loan transaction. The loan amount is $95,000,000 and it is a construction loan. The multifamily asset has a total square footage of 136,536 and consists of 194 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $95,000,000
• Address: 300 East 50th Street, Turtle Bay, Manhattan
• Market: Turtle Bay, Manhattan
• Asset Type: Multifamily
• Square Footage: 136,536
• Number of Units: 194

The loan was provided by Bank OZK. The property is owned by MaryAnne Gilmartin, Jeff Rosen, and Adam Freindlich of MAG Partners, Eyal Ofer of Global Holdings, and Danny Jumblatt of Safanad. The deal was facilitated by brokers Geoff Goldstein, Jillian Mariutti, Stephen Van Leer, Rob Hinckley, Jeffrey Julien, and Nicco Lupo of JLL.