Big City Realty Refinances Nine Manhattan Multifamily Properties For $40M Loan With Citibank

Big City Realty, represented by borrower entity 110 Convent BCR, LLC, has successfully closed a $40 million refinance loan with Citibank for nine properties. These properties, located at 3660 Broadway, 3440 Broadway, and 461 West 159th Street, consist of a total of 283 residential units. With a combined square footage of 300,492 square feet and a building square footage of 380,697 square feet, these multifamily properties are situated in the Harlem and Washington Heights neighborhoods of Manhattan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 3660 Broadway, 3440 Broadway & 461 West 159th Street
• Market: Harlem & Washington Heights
• BSF (Building Square Footage): 380,697
• SF (Total Square Footage): 300,492
• Units: 283

The loan was facilitated by Scott DeTraglia of Citibank, providing the necessary financing for the refinancing. The landlord for these properties is Alan J. Marcus, who is associated with Big City Realty.