Oceanfirst Bank Provides $32M Loan For Multifamily Property In Battery Park City

The asset involved in this transaction is a multifamily property located at 99 Battery Place in the Battery Park City market. The lender for this loan transaction is Oceanfirst Bank, which provided a loan amount of $32,000,000 for the property that comprises 233 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Address: 99 Battery Place
• Market: Battery Park City
• Lender: Oceanfirst Bank
• Landlord: Milstein Properties
• Units: 233

This transaction features key stakeholders including Howard Milstein, representing Milstein Properties as the landlord in the deal. The involvement of Oceanfirst Bank as the lender plays a significant role in this multifamily asset financing.