Greystone Provides $35.1M Acquisition Loan For Inwood Portfolio In Manhattan

Inwood Portfolio - 252, 109, 113, 117,121, 129, 133, 125 Sherman Avenue; 574- 578 West 161 Street; 519 West 143 Street, 66 Vermilyea Avenue; 38, 34, 26, 22 & 30 Post Avenue, 252, 109, 113, 117,121, 129, 133, 125 Sherman Avenue, 574 578 West 161 Street, 519 West 143 Street, 66 Vermilyea Avenue & 38, 34, 26, 22, 30 Post Avenue

$35,146,000

$15/SF

Building Size

2,315,808 SF

Asset Type

Package Deal

Closing

Sep 14, 2023

The transaction involves a package deal consisting of multiple properties located at 252, 109, 113, 117, 121, 129, 133, 125 Sherman Avenue; 574-578 West 161 Street; 519 West 143 Street; 66 Vermilyea Avenue; and 38, 34, 26, 22 & 30 Post Avenue in the Inwood area of Manhattan. The total square footage of the assets is 385,968, and the deal includes 433 residential units. The acquisition loan amounts to $35,146,000, financed by Greystone.

Summary of transaction details:

Property Type: Package Deal
Transaction Amount: $35,146,000
Asset Size: 385,968 SF
Units: 433
Address: 252, 109, 113, 117, 121, 129, 133, 125 Sherman Avenue; 574-578 West 161 Street; 519 West 143 Street; 66 Vermilyea Avenue; 38, 34, 26, 22 & 30 Post Avenue
Market: Inwood, Manhattan
Lender: Greystone
Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group

Chaim Tessler and Ariel Forman represent Meridian Capital Group in this acquisition deal, acting as brokers to facilitate the transaction. Their role involves providing expertise and guidance throughout the financing process with Greystone.

Players