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FINANCED

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

355 8th Avenue

MultiFamily
210,000 SF
clock iconFinanced 199 days ago
Nicco Lupo
Stephen Van Leer
Jillian Mariutti
+ 4
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Summary

Loan
NEW YORK
MultiFamily
210,000 sqft

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.

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, Jeff Rosen, Rob Hinckley, MaryAnne Gilmartin, Jeffrey Julien, Adam Friendlich, Jillian Mariutti, Danny Jumblatt, Stephen Van Leer & Nicco Lupo DATE: 12/22/2023 ADDRESS: 335 8th Avenue MARKET: Chelsea, Manhattan ASSET TYPE: Multifamily ~ SF: 210,000 ~ UNITS: 188 LENDER: Bank OZK (@BankOZK) LANDLORD: MAG Partners (@Mag_Partners) BROKERS: Geoff Goldstein, Rob Hinckley, Jeffrey Julien (@Jeff.Julien), Jillian Mariutti (@JillianMariutti_CRE), Stephen Van Leer (@SVanLeer) & Nicco Lupo - JLL (@JLL) LOAN AMOUNT: $73,750,000 LOAN TYPE: Construction

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Address355 8th Avenue

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