FINANCED
Madison Realty Capital Provides $100M Loan For Upper East Side Condo Development
1228 Madison Avenue (@1228Madison)
1,766 SF
Financed 1 year ago
Summary
Loan
NEW YORK
1,766 sqft
Located in the Upper East Side neighborhood, the condo at 1228 Madison Avenue has undergone a recent loan transaction. The deal, which took place on August 6, 2021, involved a loan amount of $100,000,000. The property is an asset of the Condo type and was developed by CBSK Ironstate, with Scott Shnay, Charles Blaichman, and Arel Capital leading the project. Architect Robert A.M. Stern of RAMS Architects contributed to the design.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $100,000,000
- Address: 1228 Madison Avenue
- Market: Upper East Side
The loan was provided by Madison Realty Capital, with Josh Zegen representing the lender. Surya Capital Partners, with Adi Chugh as their representative, acted as the broker for the deal.
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FINANCED
IMAGE: Robert A. M. Stern, Josh Zegen, Scott Shnay, Charles Blaichman & Adi Chugh
DATE: 08/06/2021
ADDRESS: 1228 Madison Avenue (@1228Madison)
MARKET: Upper East Side
ASSET TYPE: Condo
LENDER: @MadisonRealtyCapital - Josh Zegen
DEVELOPER: CBSK Ironstate - Scott Shnay, Charles Blaichman & Arel Capital
BROKER: Surya Capital Partners - Adi Chugh
ARCHITECT: Robert A.M. Stern @RAMSArchitects
LOAN AMOUNT: $100,000,000View on map
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Address1228 Madison Avenue (@1228Madison)
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