Empire Capital Holdings & Namdar Realty Group Secure $77.4M Acquisition Loan For Multifamily Property At 550 West 54th Street

The multifamily property located at 550 West 54th Street in New York City has been involved in a recent closed transaction. The property spans an impressive 144,000 square feet and consists of 162 units. The transaction was an acquisition, and the loan amount secured for the deal was $77,380,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $77,380,000
• Address: 550 West 54th Street
• Market: New York City
• Square Footage: 144,000
• Number of Units: 162

The lender for this transaction was Deutsche Bank Wealth Management, providing the necessary funds for the acquisition. The property is owned by Empire Capital Holdings and Namdar Realty Group. The brokers involved in the deal were Gideon Gil, Lauren Kaufman, and Dale Braverman from Cushman & Wakefield, as well as Elliot Kunstlinger from Meridian Capital Group.

It's worth noting that additional details were not provided in the context.