Silverstein Properties Secures $235M Loan For River Place Multifamily In Hell's Kitchen | River Place AKA 650 West 42nd Street | Greystone | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

887,879 sqft

River Place, also known as 650 W. 42nd St., located in Hell's Kitchen, has recently secured a loan of $235,000,000. The multifamily property comprises 920 units, making it a significant asset in the market.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $235,000,000
Address: River Place AKA 650 W. 42nd St.
Market: Hell's Kitchen
Units: 920

The loan was provided by greystone''>Greystone & Co., and the lender's counsel in this transaction was Ballard Spahr LLP. The loan was obtained by Silverstein Properties, the landlord of the property.

Note: No additional information regarding the transaction is available.

Players

All
1

Lenders
1

Greystone

Details

Deal Summary

FINANCED

IMAGE: Tal Kerret, Roger Silverstein, Larry Silverstein, Lisa Silverstein, Marty Burger & Cory Silverstein DATE: 07/30/2021 ADDRESS: River Place AKA 650 W. 42nd St. MARKET: Hell’s Kitchen ASSET TYPE: Multifamily ~ UNITS: 920 LENDER: Greystone & Co. LANDLORD: @SilversteinProperties LENDER’S COUNSEL: @BallardSpahrLLP LOAN AMOUNT: $235,000,000

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AddressRiver Place AKA 650 West 42nd Street

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