Flatiron Equities & Mequity Companies Secures $50.2 Million Construction Loan For Midtown South Conversion

The property asset involved in this transaction is located at 152 West 36th Street in the Midtown South market. It features a conversion to self-storage with a total square footage of 75,082 and comprises 1,469 units. The loan amount associated with this project is $50,200,000, categorized as a construction loan.

Summary of transation details:

• Property Type: Conversion to Self-Storage
• Transaction Amount: $50,200,000
• Lender: Elsee Partners
• Landlord: Flatiron Equities & Mequity Companies
• Brokers: Dylan Kane, Zach Redding & Peter Nicoletti - Colliers

The transaction involves key producers in the real estate market, including parties such as Flatiron Equities and Mequity Companies, acting as the landlords. The brokerage team from Colliers, consisting of Dylan Kane, Zach Redding, and Peter Nicoletti, played a significant role in facilitating this deal.