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430 Main Street

David Kramer Of The Hudson Companies And Jeff T. Blau Of Related Companies Secure $185M Refinance Loan
FINANCEDMultiFamily

David Kramer Of The Hudson Companies And Jeff T. Blau Of Related Companies Secure $185M Refinance Loan

430 Main Street

$185,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 26, 2026

AI

Two multifamily properties located at 430 Main Street and 480 Main Street in Roosevelt Island, Manhattan, were refinanced for a total loan amount of $185,000,000. The properties encompass a total of 571 units and span approximately 457,289 square feet.

Summary of transation details:

The refinancing deal involved key stakeholders, including David Kramer and Jeff T. Blau, who represent The Hudson Companies and Related Companies, respectively. Both firms secured the refinancing from Wells Fargo and Roosevelt Island Operating Corporation to bolster their multifamily assets on Roosevelt Island.

Players

Wells Fargo
Wells FargoLender

David Kramer

The Hudson Companies

Landlord

$863.8M

vol

12 deals

Landlord

Corinth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93