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300 East 50th Street
FINANCED

JLL Secures $202M Capitalized Structured Forward Purchase & Construction Loan For 300 East 50th Street Multifamily Property In Turtle Bay, Manhattan

300 East 50th Street

MultiFamily
136,536 SF
clock iconFinanced 240 days ago
Nicco Lupo
Stephen Van Leer
Jillian Mariutti
+ 4
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Summary

Loan
NEW YORK
MultiFamily
136,536 sqft

The multifamily property located at 300 East 50th Street in Turtle Bay, Manhattan was recently involved in a closed transaction. This property spans an impressive 136,536 square feet and consists of 194 units. The transaction involved a structured forward purchase and construction loan with a capitalization amount of $202,000,000. The lender for this transaction was Bank OZK.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $202,000,000
  • Square Footage: 136,536
  • Address: 300 East 50th Street, Turtle Bay, Manhattan
  • Market: Turtle Bay, Manhattan
  • Units: 194

Notable companies and individuals involved in this transaction include MAG Partners, Safanad, Known Point Capital, KRW Realty Advisors, and Global Holdings Management Group. The deal was facilitated by the brokers Rob Hinckley, Geoff Goldstein, Jeff Julien, Nicco Lupo, Jillian Mariutti, and Stephen Van Leer from JLL.

Players

  • All

    8

  • Agents

    6

  • Agencies

    1

  • Lenders

    1

Nicco Lupo's profile picture
Nicco Lupo
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Director
$32M Sold
Jillian Mariutti's profile picture
Rob Hinckley's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Geoff Goldstein, Stephen Van Leer, Jeff Julien, Jillian Mariutti, Rob Hinckley & Nicco Lupo DATE: 11/21/2023 ADDRESS: 300 East 50th Street MARKET: Turtle Bay, Manhattan ASSET TYPE: Multifamily ~ SF: 136,536 ~ UNITS: 194 LENDER: Bank OZK (@BankOZK) LANDLORD: MAG Partners (@Mag_Partners), Safanad, Known Point Capital, KRW Realty Advisors & Global Holdings Management Group BROKERS: Rob Hinckley, Geoff Goldstein, Jeff Julien, Nicco Lupo, Jillian Mariutti & Stephen Van Leer - JLL (@JLL) CAPITALIZATION AMOUNT: $202,000,000 TYPE: Structured Forward Purchase & Construction Loan

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Address300 East 50th Street

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