Goldman Sachs Provides $68.2M Loan For Lower East Side Retail Condo At 145 Clinton Street

The retail condo located at 145 Clinton Street in the Lower East Side, New York, has been involved in a recent loan transaction. The loan was provided by Goldman Sachs, with a total amount of $68,200,000. The loan terms are set at 10 years, with a fixed interest rate. The retail condo has a total square footage of 67,217 square feet and consists of 211 units. It is part of the Essex Crossing development, which spans 1.9 million square feet.

Summary of transaction details:

• Property Type: Retail Condo
• Transaction Amount: $68,200,000
• Address: 145 Clinton Street, Lower East Side
• Market: Lower East Side
• Lender: Goldman Sachs
• Landlord: Delancey Street Associates (BFC Partners, Taconic Investment Partners, L&M Development, Goldman Sachs Urban Investment Group)
• Brokers: Jonathan Schwartz, Aaron Appel, Adam Schwartz, & Keith Kurland
• Leased to: Target, Trader Joe’s, and Time Warner Cable

The loan transaction was facilitated by brokers Jonathan Schwartz, Aaron Appel, Adam Schwartz, and Keith Kurland from JLL Capital Markets. They played an instrumental role in connecting the lender, Goldman Sachs, with the property's landlord, Delancey Street Associates. The retail condo is a part of the larger Essex Crossing development and is currently leased to prominent tenants such as Target, Trader Joe’s, and Time Warner Cable.