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Park Towers South Company LLC Refinances 284-Unit Multifamily At 315 West 57th Street For $156.6M

Property Image
FINANCED
$156,600,000

New York

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MultiFamily396,834 SF
Financed 12/30/2025
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Property Image
FINANCED

Park Towers South Company LLC Refinances 284-Unit Multifamily At 315 West 57th Street For $156.6M

315 West 57th Street

See Similar Deals
MultiFamily396,834 SF
Financed 12/30/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$394
Total Square Footage:396,834 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 315 West 57th Street in the Hell’s Kitchen market. The asset encompasses a total of 396,834 square feet and consists of 284 units. The transaction amounts to a loan of $156,600,000, which is categorized as a refinance.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $156,600,000
  • Address: 315 West 57th Street
  • Market: Hell’s Kitchen
  • Asset Size: 396,834 square feet
  • Units: 284
  • Lender: M&T Bank
  • Landlord: Park Towers South Company LLC
  • Prior Loan: $127.6 million from Flagstar Bank

Park Towers South Company LLC, which is affiliated with the Goldfarb family, secured the refinancing to replace the previous loan from Flagstar Bank with the new financing from M&T Bank.

Players

M&T Bank
M&T Bank
LENDER

Details

FINANCED
IMAGE: 12/30/2025 ADDRESS: 315 West 57th Street MARKET: Hell’s Kitchen ASSET TYPE: Multifamily ~ SF: 396,834 ~ UNITS: 284 LENDER: M&T Bank (@MandT_Bank) LANDLORD: Park Towers South Company LLC LOAN AMOUNT: $156,600,000 LOAN TYPE: Refinance NOTE: Park Towers South Company LLC, affiliated with the Goldfarb family, refinanced its 284-unit Hell’s Kitchen building at 315 West 57th Street with a $156.6M loan from M&T Bank, replacing a prior $127.6M Flagstar Bank loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$156,600,000.00

Monthly NOI$1,044,000.00
Monthly Debt Service$989,818.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00