FINANCED
M&T Bank Provides $425M Construction Loan For 824-Unit Multifamily Property In New York City
42-06 Orchard Street
MultiFamily
932,000 SF
932,000 SF
Financed 310 days ago
Summary
Loan
NEW YORK
MultiFamily
932,000 sqft
The multifamily property located at 42-06 Orchard Street in New York City has recently undergone a closed loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $425,000,000
- Square Footage: 932,000
- Number of Units: 824
- Address: 42-06 Orchard Street
- Market: New York City
The loan was provided by M&T Bank to fund the construction of the property. The landlord of the property is BLDG Management. The deal was facilitated by the brokers Drew Fletcher, Bryan Grover, and Paul Fried, representing Greystone.
Players
Details
FINANCED
IMAGE: Drew Fletcher, Paul Fried & Bryan Grover
DATE: 06/15/2023
ADDRESS: 42-06 Orchard Street
MARKET: New York City
ASSET TYPE: Multifamily ~ SF: 932,000 ~ UNITS: 824
LENDER: M&T Bank
LANDLORD: BLDG Management
BROKERS: Drew Fletcher & Bryan Grover (@Bryan.Grover) & Paul Fried - Greystone (@Greystonecref)
LOAN AMOUNT: $425,000,000
LOAN TYPE: ConstructionView on map
Loading...
Address42-06 Orchard Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want