Carole L. Pittelman Refinances 569-Unit Multifamily Building On 320 West 38th Street For $209.6M

The property asset involved in this transaction is a multifamily residential building located at 320 West 38th Street in the Garment District of Manhattan. It features a total square footage of 718,503 and comprises 569 units. The property was refinanced with a loan amounting to $209,600,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $209,600,000
• Address: 320 West 38th Street
• Market: Garment District, Manhattan
• Asset Size: 718,503 SF
• Units: 569
• Lender: NYS Housing Finance Agency
• Landlord: Carole L. Pittelman - Glenwood Management
• Previous Loan Amount: $260,000,000
• Loan Type: Refinance

The deal involved Glenwood Management as the landlord, represented by Carole L. Pittelman. The financing was sourced from the NYS Housing Finance Agency, facilitating the refinancing of the existing loan from 2014.