Citigroup Inc Provides $33M Refinance Loan For Office Building In Chelsea, Manhattan

The loan for the property at 111 West 19th Street in Chelsea, Manhattan has been refinanced. The office space spans 189,731 square feet. The loan amount for the refinance is $33,000,000, provided by Citigroup Inc. The landlord of the property is Steven Kaufman, who represents the Kaufman Organization. Aaron Niedermayer, from JLL, acted as the broker for the transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $33,000,000
• Address: 111 West 19th Street, Chelsea, Manhattan
• Market: Chelsea, Manhattan
• Lender: Citigroup Inc
• Landlord: Steven Kaufman - Kaufman Organization
• Broker: Aaron Niedermayer - JLL

Aaron Niedermayer from JLL played a crucial role in representing the buyer in this refinancing deal. The involvement of Citigroup Inc as the lender highlights their confidence in the property's value and potential. Steven Kaufman, as the landlord and representative of the Kaufman Organization, will continue to oversee the property's operations and management.