Valley National Bank Provides $27.5M Loan For 53,000 SF Property On Seventh Avenue In Chelsea

Located in Chelsea, the property at 119-125 Seventh Avenue recently underwent a closed transaction. The property spans across 53,000 square feet and was involved in a deal that amounted to $27,500,000. The transaction was completed on November 26, 2019. The property is owned by Robert Gilardian and the lender involved in the deal was Valley National Bank. The brokers who facilitated the transaction were Simon Rosenfeld, Jeff Weinberg, and Craig Berger from @Meridian.Capital.Group.

Summary of transaction details

• Property Type: N/A
• Transaction Amount: $27,500,000
• Address: 119-125 Seventh Avenue
• Market: Chelsea
• SF: 53,000
• Landlord: Robert Gilardian
• Lender: Valley National Bank
• Broker: @Meridian.Capital.Group - Simon Rosenfeld, Jeff Weinberg, Craig Berger

The successful completion of this transaction was made possible by the efforts of the key individuals and companies involved. Simon Rosenfeld, Jeff Weinberg, and Craig Berger, representing @Meridian.Capital.Group, played a pivotal role as brokers in ensuring the smooth execution of the deal. Their expertise and negotiation skills were instrumental in bringing together the landlord, Robert Gilardian, and the lender, Valley National Bank, to finalize the transaction.