First Republic Bank Provides $8.4M Loan For Multifamily Properties On West 68th St. And West 10th St

The multifamily property located at 73 West 68th St. and 198 West 10th St. in Manhattan has recently undergone a loan transaction. The property spans approximately 10,281 square feet and falls under the multifamily asset category.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,400,000
• Loan Type: Acquisition
• Loan Terms: 3.35% Fixed for 10 Years, 5 Years Interest Only

The loan was provided by First Republic Bank, serving as the lender for this transaction. On the landlord side, the property is jointly owned by 3517 Schaefer and 198 W. 10th Street Owner. The brokers involved in facilitating this deal were Jonathan Aghravi, Tim Cox, and Eli Terry from JBA Equities LLC.