FINANCED
JLL Arranges $151.4M Construction Loan And Preferred Equity For Multifamily In Chelsea, Manhattan
335 8th Avenue
MultiFamily
154,891 SF
154,891 SF
Financed 136 days ago
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
Details
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 EquityView on map
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Address335 8th Avenue
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