Vanbarton Group Refinances 980 6th Avenue Multifamily In Manhattan With $224M Loan From Invesco

A multifamily residential building located at 980 6th Avenue in Manhattan's Garment District spans 386,382 square feet and comprises 380 units. The property has undergone refinancing for a loan amount of $224,000,000, which has replaced a prior loan of $244.6 million from Blackstone.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $224,000,000
• Address: 980 6th Avenue
• Market: Garment District, Manhattan
• Lender: Andrew R. Schlossberg - Invesco
• Landlord: Gary M. Tischler - Vanbarton Group
• Units: 380
• Prior Loan Amount: $244,600,000

The refinancing was executed by Vanbarton Group, represented by Gary M. Tischler, while the lending side was handled by Andrew R. Schlossberg from Invesco, facilitating this significant financial transaction in the multifamily sector.