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335 8th Avenue
FINANCED

JLL Arranges $151.4M Construction Loan And Preferred Equity For Multifamily In Chelsea, Manhattan

335 8th Avenue

MultiFamily
154,891 SF
clock iconFinanced 207 days ago
Nicco Lupo
Stephen Van Leer
Jillian Mariutti
+ 4
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Summary

Loan
NEW YORK
MultiFamily
154,891 sqft

The multifamily property located at 335 8th Avenue in Chelsea, Manhattan has been sold in a closed transaction for a capitalization of $151,400,000. The property encompasses a total of 154,891 square feet and consists of 188 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $151,400,000
  • Address: 335 8th Avenue
  • Market: Chelsea, Manhattan
  • Square Footage: 154,891
  • Units: 188

The lender involved in this transaction was Bank OZK, providing a construction loan and preferred equity. The landlords of the property are MAG Partners, Safanad, and Metlife. The deal was facilitated by the brokers Geoff Goldstein, Rob Hinckley, Jeffrey Julien, Jillian Mariutti, Stephen Van Leer, and Nicco Lupo from JLL.

Players

  • All

    8

  • Agents

    6

  • Agencies

    1

  • Lenders

    1

Nicco Lupo's profile picture
Nicco Lupo
JLL-image
Director
$32M Sold
Jillian Mariutti's profile picture
Rob Hinckley's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Geoff Goldstein, Stephen Van Leer, Jillian Mariutti, Jeff Julien, Rob Hinckley & Nicco Lupo DATE: 12/20/2023 ADDRESS: 335 8th Avenue MARKET: Chelsea, Manhattan ASSET TYPE: Multifamily ~ SF: 154,891 ~ UNITS: 188 LENDER: Bank OZK (@BankOZK) LANDLORD: MAG Partners (@MAG_Partners), Safanad & Metlife BROKERS: Geoff Goldstein, Rob Hinckley, Jeffrey Julien (@Jeff.Julien), Jillian Mariutti (@JillianMariutti_CRE), Stephen Van Leer (@SVanLeer) & Nicco Lupo - JLL (@JLL) CAPITALIZATION: $151,400,000 LOAN TYPE: Construction Loan & Preferred Equity

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Address335 8th Avenue

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