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980 Sixth Avenue

Updated Oct 22, 2025

Invesco Provides $280 Million Refinance Loan To Vanbarton Group For Manhattan Multifamily Asset
FINANCEDMultiFamily

Invesco Provides $280 Million Refinance Loan To Vanbarton Group For Manhattan Multifamily Asset

980 Sixth Avenue & 70 West 37th Street

$280,000,000

Units

75

Asset Type

MultiFamily

Closing

Oct 13, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily development located at 980 Sixth Avenue & 70 West 37th Street in Manhattan. The asset encompasses 75 units and is part of the thriving Manhattan market.

Summary of transaction details:

This refinance transaction was facilitated by key individuals such as Andrew Schlossberg from Invesco, representing the lender. The landlords Gary Tischler and Richard Coles are associated with Vanbarton Group, while the representation for the landlords was handled by the team from Newmark, which includes Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, Adam Spies, and Adam Doneger.

On the Map

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$280,000,000

MultiFamily

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Players

Adam Doneger

Newmark

Broker

$52.3B

vol

197 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$74.2B

vol

273 deals

Broker
Newmark
NewmarkBrokerage

Andrew Schlossberg

Invesco

Lender

$662.6M

vol

10 deals

Lender
Invesco Real Estate
Invesco Real EstateLender
Richard Coles

Richard Coles

Vanbarton Group

Landlord

$956.6M

vol

9 deals

Landlord
Vanbarton Group
Vanbarton GroupLandlord
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $3.7M per unit across 75 units on a published $280M (2025).

Visit Christopher (Chris) Kramer to view all their deals.

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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