Richard S. LeFrak Of LeFrak Organization Refinances Upper West Side Multifamily For $31 Million

The asset involved is a multifamily property located at 620 Columbus Avenue in the Upper West Side, Manhattan. The building spans a total square footage of 239,598 and contains 231 rental units. The property underwent refinancing with a loan amount set at $31,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,000,000
• Address: 620 Columbus Avenue
• Market: Upper West Side, Manhattan
• Lender: Bank of New York Mellon
• Landlord: Richard S. LeFrak - LeFrak Organization
• Previous Debt: $45,000,000
• Units: 231
• Loan Type: Refinance

The transaction was represented by Richard S. LeFrak from the LeFrak Organization, who played a key role in securing the refinancing arrangement with Bank of New York Mellon. This strategic move reflects a shift from the prior debt of $45 million to the current refinancing deal.