David Lichtenstein Of Lightstone Group Refinances Multifamily Asset At 700 West End Avenue For $28.8M

The property asset involved in this transaction is a multifamily building located at 700 West End Avenue in the Upper West Side. The asset comprises 65 units within a total square footage of 55,840. The transaction reflects a refinancing activity with a loan amount of $28,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,800,000
• Asset Address: 700 West End Avenue
• Market: Upper West Side
• Asset Size: 55,840 SF
• Units: 65
• Lender: Ivan Kaufman - Arbor Realty Trust
• Landlord: David Lichtenstein - Lightstone Group
• Loan Type: Refinance

This refinancing was executed by Lightstone Group, led by David Lichtenstein, to replace existing debt from Sound Point Asset Management, highlighting a strategic financial move within a notable residential market.