Slate Property Group Secures $61.2M Acquisition Loan In Chelsea Multifamily Deal

The multifamily property located at 301 West 22nd St., 300 West 21 St., and 229 West 20th St. in Chelsea has undergone a loan transaction. The property spans approximately 73,000 square feet and comprises 94 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $61,250,000
• Address: 301 West 22nd St., 300 West 21 St., and 229 West 20th St.
• Market: Chelsea

Slate Asset Management, represented by Anthony Candela, served as the lender for this acquisition loan. The landlord, Slate Property Group, represented by Martin Nussbaum, facilitated the transaction. The deal was negotiated by Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm of Newmark.