Bank OZK Lends $73.75M For Construction Loan At 335 8th Avenue, Chelsea, Manhattan | 355 8th Avenue | Bank OZK | Nicco Lupo, Stephen Van Leer, Jillian Mariutti, Geoff Goldstein, Jeffrey (Jeff) Julien, Rob Hinckley | MultiFamily | Loan

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

$32M Sold

$136.3M Sold

$70M Sold

Jeffrey (Jeff) Julien

$5.3B Sold

$5.2B Sold

Details

Deal Summary

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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