Conway Capital Refinances Multifamily Property In New York City For $5.9M

The multifamily property located at 566 7th Street in New York City has recently undergone a refinancing transaction, according to recent reports. The property spans a total of 10,650 square feet and consists of 15 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Loan Type: Refinance
• Loan Terms: CMBS - 10-year full IO, 73% LTV

Nihad Choudhury from LMF Commercial acted as the lender in this transaction, providing the refinancing loan for the property. Representing Conway Capital, the landlord in this deal was Abe Cohen. Robert Tobias, from an undisclosed brokerage agency, facilitated the transaction as the broker.