facebook
Traded Co logo
Submit a Deal
509 Cathedral Parkway, 515 Cathedral Parkway, 652 West 163rd Street, 664 West 163rd Street, 517 West 113th Street, 603 West 140th Street & 21 Fifth Avenue
FINANCED

Empire Management Secures $84.1M Refinance Loan For Manhattan & Pelham Multifamily Portfolio

509 Cathedral Parkway, 515 Cathedral Parkway, 652 West 163rd Street, 664 West 163rd Street, 517 West 113th Street, 603 West 140th Street & 21 Fifth Avenue

MultiFamily
3,120,000 SF
clock iconFinanced 140 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
NEW YORK
MultiFamily
3,120,000 sqft

Empire Management, represented by Shatz Capital, has secured a refinancing loan of $84.1 million from Barclays Capital Real Estate Inc. The loan has a fixed rate and a 5-year term with full-term interest-only payments. This financing is used to refinance the existing debt on Empire Management's portfolio, which consists of seven buildings with a total of 436 units. These properties are located in the vibrant neighborhoods of Morningside Heights and Washington Heights, specifically at 509 Cathedral Parkway, 515 Cathedral Parkway, 652 West 163rd Street, 664 West 163rd Street, 517 West 113th Street, 603 West 140th Street, and 21 Fifth Ave. The combined square footage of these multifamily assets is approximately 520,000 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $84,100,000
  • Units: 436
  • Market: Manhattan & Pelham

In addition to the loan and the properties involved, key individuals and companies have played crucial roles in this transaction. Fred Ohebshalom, the landlord and principal of Empire Management, successfully secured the financing. Matthew Shatz from Shatz Capital represented the company throughout the process. Barclays Capital Real Estate Inc. served as the lender for this refinancing deal.

Players

  • All

    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Matthew Shatz's profile picture
Matthew Shatz
Shatz Capital-image
Managing Principal & Founder

Details

Deal Summary
minus icon
FINANCED
IMAGE: Elan Blum, Fred Ohebshalom & Matthew Shatz DATE: 01/04/2024 ADDRESS: 509 Cathedral Parkway, 515 Cathedral Parkway, 652 West 163rd Street, 664 West 163rd Street, 517 West 113th Street, 603 West 140th Street & 21 Fifth Ave. MARKET: Manhattan & Pelham ASSET TYPE: Multifamily ~ UNITS: 436 ~ SF: 520,000 LENDER: Barclays Capital Real Estate Inc. (@BarclaysBankUS) LANDLORD: Fred Ohebshalom - Empire Management BROKER: Matthew Shatz (@MattyShatz) - Shatz Capital LOAN AMOUNT: $84,100,000 LOAN TYPE: Refinance LOAN TERMS: 5-Year Fixed Rate Financing: Full Term Interest Only NOTE FROM BROKER: Exclusively represented by Shatz Capital, Fred Ohebshalom's Empire Management has successfully secured an $84.1.1 million financing through Barclays Capital Real Estate Inc. The loan, featuring a fixed rate and a 5-year term with full-term interest-only payments, serves to refinance the existing debt on Empire Management's portfolio comprised of 7 buildings with a total of 436 units, spanning across the vibrant neighborhoods of Morningside Heights and Washington Heights.

View on map

Loading...

Address509 Cathedral Parkway, 515 Cathedral Parkway, 652 West 163rd Street, 664 West 163rd Street, 517 West 113th Street, 603 West 140th Street & 21 Fifth Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want