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Damien Smith & Peter Zuccarello Secure $30M Loan For Lower East Side Multifamily Property

61-63 Pitt Street
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This MultiFamily property located in NY received a loan of $30,000,000 almost 3 years ago.

Located at 61-63 Pitt St. in the Lower East Side of Manhattan, this closed transaction involved a multifamily property. The property, consisting of a 12-story building with 59 units, spans a total area of 40,773 square feet. The deal was finalized on April 30, 2021, and the asset type of the property is stated as a Multifamily.

Summary of transaction details

  • Property Type: Multifamily (12-Story, 59-Unit)
  • Address: 61-63 Pitt St.
  • Market: Lower East Side, Manhattan
  • Square Footage: 40,773

In this transaction, Damien Smith and Peter Zuccarello served as the landlords. The loan for the deal was provided by Paul Rahimian from Parkview Financial, with a loan amount of $30,000,000.

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Deals
  • Location
    61-63 Pitt Street, Lower East Side, New York, NY, USA61-63 Pitt Street, Lower East Side, New York, NY, USA
  • Loan Value
    $30,000,000$30,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

Parkview Financial

Parkview Financial

Lender
Deals32
Volume$ 39.8B

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Deal Summary

LOAN IMAGE: Damien Smith, Paul Rahimian & Peter Zuccarello DATE: 04/30/2021 ADDRESS: 61-63 Pitt St. MARKET: Lower East Side, Manhattan ASSET TYPE: Multifamily (12-Story, 59-Unit) SF: 40,773 LENDER: Paul Rahimian - Parkview Financial (@Parkview.Financial) LANDLORD: Damien Smith & Peter Zuccarello LOAN AMOUNT: $30,000,000

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