Anonymous Owner Secures $24.5 Million Refinancing Loan From Citibank For Manhattan Portfolio

The transaction involves a refinancing loan secured for a multi-family property portfolio located at 444 West 48th Street and 753 9th Avenue in Hell’s Kitchen, Manhattan. The total square footage of the portfolio is 44,775. The loan amount is $24,500,000, and it pertains to a four-property portfolio comprising 67 residential units, which also includes buildings situated in the Upper West Side.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $24,500,000
• Address: 444 West 48th Street, 753 9th Avenue & 753 9th Avenue
• Market: Hell’s Kitchen, Manhattan
• Lender: Citibank
• Loan Type: Refinance
• Asset Size: 44,775 SF
• Residential Units: 67

An anonymous owner represented by Breuer Herskowitz was responsible for securing the refinancing from Citibank, showcasing their role in the transaction without revealing their identity. The portfolio serves as a significant asset in the Manhattan real estate market.