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301 East 47th Street

Updated Aug 7, 2025

Mark Rowan Of Apollo Global Provides $110 Million Refinance Loan To Stellar Management In Turtle Bay
FINANCEDMultiFamily

Mark Rowan Of Apollo Global Provides $110 Million Refinance Loan To Stellar Management In Turtle Bay

301 East 47th Street

$110,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 29, 2025

About this deal

AI

The asset involved in this transaction is a MultiFamily property located at 301 East 47th Street in the Turtle Bay market of Manhattan. The transaction consists of a refinance arrangement with a loan amount of $110,000,000.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $110,000,000
  • Lender: Mark Rowan - Apollo Global
  • Landlord: Stellar Management
  • Landlord's Representative: Max Ralby & Jordan Roeschlaub - Newmark
  • Loan Type: Refinance
  • Date: 6/30/2025

This transaction features key individuals such as Mark Rowan, who represents Apollo Global as the lender, and the landlord, Stellar Management, represented by Max Ralby and Jordan Roeschlaub from Newmark. Their roles in this refinancing deal highlight the various stakeholders involved in the management and financial structuring of the property.

Players

Max Ralby

Newmark

Broker

$3.9B

vol

79 deals

Broker
Newmark
NewmarkBrokerage

Mark Rowan

Apollo Global

Lender

$1.7B

vol

6 deals

Lender
Apollo Global
Apollo GlobalLender
Stellar Management
Stellar ManagementLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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