FINANCED
Strategic Capital Secures $70M Loan For Multifamily Property In Yonkers
63 Wells Avenue (The River Club)
MultiFamily
223,584 SF
223,584 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
223,584 sqft
The River Club, located at 63 Wells Avenue in Yonkers' Hudson Park market, has changed hands in a closed property transaction. The multifamily asset, consisting of 213 units, was acquired by Strategic Capital as the new landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Lender: Guggenheim Commercial Real Estate
- Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm & Nick Scribani of Newmark Knight Frank
Newmark Knight Frank represented the buyer, Strategic Capital, in securing a loan amount of $70,000,000 from Guggenheim Commercial Real Estate for the acquisition of The River Club. Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm, and Nick Scribani served as the brokers for this transaction.
Players
All
6
Agents
5
Agencies
1
Details
FINANCED
IMAGE: Jordan Roeschlaub, Dustin Stolly, Chris Kramer, Daniel Fromm & Nick Scribani
DATE: 07/02/2019
ADDRESS: 63 Wells Avenue (The River Club)
MARKET: Yonkers, Hudson Park
ASSET TYPE: Multifamily
LENDER: Guggenheim Commercial Real Estate
LANDLORD: Strategic Capital
BROKERS: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm & Nick Scribani @newmarkkf
LOAN AMOUNT: $70,000,000
UNITS: 213View on map
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Address63 Wells Avenue (The River Club)
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