facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$33,000,000

New York

See Similar Deals
Office189,731 SF
Financed 12/21/2023
the dealplayerscompscontact
Property Image
FINANCED

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

111 West 19th Street

See Similar Deals
Office189,731 SF
Financed 12/21/2023
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$173
Total Square Footage:189,731 SF
Transaction Type:Loan

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

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.

Players

Aaron Niedermayer
32 deals$2.2B volume
BROKER

Kaufman Organization
BROKERAGE

Citibank
LENDER

Steven Kaufman
Kaufman Organization
6 deals$78M volume
LANDLORD

Details

FINANCED
IMAGE: Aaron Niedermayer & Steven Kaufman DATE: 12/21/2023 ADDRESS: 111 West 19th Street MARKET: Chelsea, Manhattan ASSET TYPE: Office ~ SF: 189,731 LENDER: Citigroup Inc LANDLORD: Steven Kaufman - Kaufman Organization BROKER: Aaron Niedermayer - JLL (@JLL) LOAN AMOUNT: $33,000,000 LOAN TYPE: Refinance

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,000,000.00

Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00