PH Realty Capital Refinances Mixed-Use Portfolio In Lenox Hill For $183M

The property involved in this closed transaction is a mixed-use asset located in Lenox Hill. The transaction included the properties at the following addresses: 114 E. 71st St., 1107 1st Ave., 1109 1st Ave., 232 W. 74th St., 219 E. 32nd St., 234 E. 32nd St., 236 W. 74th St., 244 W. 74th St., 245 E. 33rd St., 309 W. 54th St., 311 W. 54th St., 313 W. 54th St., 315 W. 54th St., 38 W. 75th St., 404 W. 56th St., 406 W. 56th St., 408 W. 56th St., 410 W. 56th St., 412 W. 56th St., 414 W. 56th St., 416 W. 56th St., 418 W. 56th St., 420 W. 56th St., 422 W. 56th St., 424 W. 56th St., 448 W. 57th St., 450 W. 57th St., 54 W. 75th St., and 452 W. 57th St. The total square footage of the property is 25,000.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $183,000,000
• Loan Amount: $183,000,000
• Loan Type: Refinance
• Lender: Debt Fund
• Landlord: PH Realty Capital
• Broker: Nate Hyman - Polaris Funding

The deal was facilitated by Nate Hyman from Polaris Funding. The lender for the transaction was a debt fund. The landlord in the deal was PH Realty Capital.