Esquire Bank Provides $22M Loan For 196-Unit Multifamily Property In Financial District, Manhattan

The 196-unit apartment property located at 33 Gold Street in Manhattan's Seaport area has secured $22 million in financing from Esquire Bank. Situated in the Financial District of Manhattan, this multifamily asset offers a promising investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Units: 196
• Address: 33 Gold Street, Financial District, Manhattan
• Market: Seaport area

Thurcon Properties of New York, representing the landlord, played a significant role in the successful loan acquisition. As the lender, Esquire Bank has provided the necessary financial support for the property's expansion and maintenance needs. This loan will enable the development of the multifamily property, benefiting both the landlord and potential tenants. The deal signifies a positive turn of events for the property and showcases the trust that Esquire Bank has in the future potential of 33 Gold Street.