Kings Capital Secures $10.7M Refinance For 404-406 West 51st Street Multifamily In Hell's Kitchen

Kings Capital Real Estate has completed a refinance of 404-406 West 51st Street located in Hell's Kitchen. This multifamily asset encompasses a total square footage of 15,520 and includes 25 fully stabilized units. The refinance was executed at a loan amount of $10,700,000 with a 10-year loan term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,700,000
• Address: 404 West 51st Street & 406 West 51st Street
• Market: Hell's Kitchen
• Square Footage: 15,520
• Units: 25
• Landlord: George Giannopoulos, Jeffrey Znaty & Tommy Giannopoulos - Kings Capital Real Estate
• Broker: Jack Fried - GCP Capital Group
• Loan Type: Refinance
• Loan Terms: 10 Years

The individuals behind the transaction include George Giannopoulos, Jeffrey Znaty, and Tommy Giannopoulos, who represent the landlord through Kings Capital Real Estate. Jack Fried served as the broker representing the deal via GCP Capital Group. Kings Capital is currently pursuing multifamily and mixed-use opportunities across prime areas of Manhattan and Brooklyn, with a focus on underutilized properties and creative transactions.