Ari Zagdanski Of Kinsmen Property Group Secures $32.9M Refinance With TD Bank For East Village Multifamily

The asset involved in the transaction consists of three properties located at 50 3rd Avenue, 64 3rd Avenue, and 58 3rd Avenue in the East Village, Manhattan. This multifamily property encompasses a total square footage of 42,862 and contains 30 residential units. The transaction involves a loan amount of $32,900,000, classified as a refinance, replacing prior debt which originated from a $25.4 million loan.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $32,900,000
• Address: 50 3rd Avenue, 64 3rd Avenue & 58 3rd Avenue
• Market: East Village, Manhattan
• Square Footage: 42,862
• Units: 30
• Lender: TD Bank
• Landlord: Ari Zagdanski - Kinsmen Property Group
• Loan Type: Refinance

Kinsmen Property Group, through 62–64 Third Ave L.P., completed the refinance transaction with TD Bank, which was secured by the six properties in the East Village comprising a total of 30 residential units.