Avi Schron Of Cammeby’s International Group Refinances Lower East Side Multifamily Asset For $75.4M

The property asset involved in this transaction is a multifamily building located at 10 Stanton Street in the Lower East Side. It encompasses a total square footage of 167,453 and consists of 146 residential units. The transaction involved a refinance loan amounting to $75,400,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $75,400,000
• Address: 10 Stanton Street
• Market: Lower East Side
• Asset Size: 167,453 SF
• Units: 146
• Lender: Nick Gesue - NewPoint Real Estate Capital
• Landlord: Avi Schron - Cammeby’s International Group
• Loan Type: Refinance

This refinance transaction was executed to replace previous debt held with Capital One. The involvement of NewPoint Real Estate Capital marks a significant financial shift for the landlord, Avi Schron, who is associated with Cammeby’s International Group.