facebook
Traded Co logo
Submit

Lionheart Strategic Management Provides $75 Million Recapitalization Loan For 405 Main Street Multifamily

Property Image
FINANCED
$75,000,000

New York

See Similar Deals
MultiFamily221,669 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Lionheart Strategic Management Provides $75 Million Recapitalization Loan For 405 Main Street Multifamily

405 Main Street

See Similar Deals
MultiFamily221,669 SF
Financed
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:221669 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 405 Main Street - Riverwalk Crossing in the Roosevelt Island market. This property encompasses 221,669 square feet and consists of 242 units. The loan amount secured for this asset is $75,000,000 for recapitalization purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $75,000,000
  • Address: 405 Main Street - Riverwalk Crossing
  • Market: Roosevelt Island
  • Asset Size: 221,669 SF
  • Units: 242
  • Lender: Lionheart Strategic Management
  • Landlord: Related Companies & Hudson Companies
  • Broker: Geoff Goldstein, Lauren Kaufman & Steven Binswanger - JLL
  • Loan Type: Recapitalization

The key individuals involved in this transaction include Geoff Goldstein, Lauren Kaufman, and Steven Binswanger, who represented the parties in the deal as brokers from JLL. The landlords for the property are Related Companies and Hudson Companies, both notable entities in the real estate sector.

Players

Lauren Kaufman
33 deals$5.2B volume(312) 470-1800
BROKER

Geoff Goldstein
JLL
54 deals$7.9B volume
BROKER

Steven Binswanger
JLL
15 deals$3.9B volume
BROKER

Lionheart Strategic Management
LENDER

Details

FINANCED
IMAGE: Geoff Goldstein, Lauren Kaufman & Steven Binswanger DATE: 03/21/2025 ADDRESS: 405 Main Street - Riverwalk Crossing MARKET: Roosevelt Island ASSET TYPE: Multifamily ~ SF: 221,669 ~ UNITS: 242 LENDER: Lionheart Strategic Management LANDLORD: Related Companies (@RelatedCos) & Hudson Companies (@TheHudsonCos) BROKERS: Geoff Goldstein, Lauren Kaufman & Steven Binswanger - JLL (@JLL) LOAN AMOUNT: $75,000,000 LOAN TYPE: Recapitalization

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$75,000,000.00

Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00