Nicholas D’Agostino III Secures $28M Refinance Loan From OceanFirst Bank For Manhattan Properties

The assets involved in this transaction are multifamily and mixed-use properties located at 790 Greenwich Street, 345 East 56th Street, and 1068 Lexington Avenue in the Manhattan market. The total square footage of these properties is 53,098. The transaction involves a refinance loan amount of $28,000,000.

Summary of transaction details:

• Property Type: MultiFamily & Mixed-use
• Transaction Amount: $28,000,000
• Lender: OceanFirst Bank
• Landlord: Nicholas D’Agostino III - D’Agostino Supermarkets
• Previous Debt Amount: $33,500,000
• Previous Lender: Bank of Hope

This refinance transaction involved Nicholas D’Agostino III, who represents D’Agostino Supermarkets in this deal. The loan from OceanFirst Bank replaces a prior debt held with Bank of Hope.