Kings Capital And Mavani & Co Refinance Multifamily Asset At 359 West 48th Street For $21.5M

The property asset involved in the context is a multifamily building located at 359 West 48th Street in the Hell's Kitchen market. This property consists of 39 units and spans a total of 36,800 square feet. It has recently undergone renovations, and a loan amounting to $21,500,000 has been secured for refinancing purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,500,000
• Address: 359 West 48th Street
• Market: Hell's Kitchen
• Square Footage: 36,800
• Units: 39
• Landlord: Jeffrey Znaty & George Giannopoulos - Kings Capital; Eric Mavani - Mavani & Co
• Loan Type: Refinance

The key individuals involved in this transaction include landlords Jeffrey Znaty and George Giannopoulos from Kings Capital, and Eric Mavani from Mavani & Co. The two firms have established a strategic partnership, leveraging their combined experience in both real estate and high-end custom jewelry design. They are actively seeking opportunities for future acquisitions and partnerships focused on mixed-use and multifamily properties throughout the Brooklyn, Manhattan, and Queens areas. For collaboration inquiries, they provided contact emails for potential deals.