Bank OZK Lends $73.75M For Construction Loan At 335 8th Avenue, Chelsea, Manhattan

The multifamily property located at 335 8th Avenue in Chelsea, Manhattan has been involved in a recent loan transaction. The property spans a total square footage of 210,000 and consists of 188 units. The loan amount for this transaction is $73,750,000, and it falls under the category of Construction loans.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $73,750,000
• Address: 335 8th Avenue
• Market: Chelsea, Manhattan
• Square Footage: 210,000
• Number of Units: 188

The loan was provided by Bank OZK, while the landlord, MAG Partners, was involved in the transaction. The deal was facilitated by brokers Geoff Goldstein, Rob Hinckley, Jeffrey Julien, Jillian Mariutti, Stephen Van Leer, and Nicco Lupo from JLL.