New York Community Bank Refinances Multifamily Property In Hell's Kitchen For $12.85M

The multifamily property located at 427 West 51st Street in Hell’s Kitchen, Manhattan, has undergone a refinancing transaction. The property has a total square footage of 46,914 and a buildable square footage of 67,153. The loan for this transaction was provided by New York Community Bank to the landlord, Labe Twerski, in the amount of $12,850,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,850,000
• Address: 427 West 51st Street
• Market: Hell’s Kitchen, Manhattan
• Buildable Square Footage: 67,153
• Total Square Footage: 46,914
• Lender: New York Community Bank
• Landlord: Labe Twerski
• Loan Type: Refinance

The financing deal was facilitated by New York Community Bank, providing the necessary funds to Labe Twerski for the refinancing of the multifamily property at 427 West 51st Street in Hell’s Kitchen, Manhattan.