facebook
Traded Co logo
Submit a Deal

Madison Realty Capital Provides $100M Loan For Upper East Side Condo Development

1228 Madison Avenue (@1228Madison)
PointingArrow
ShareContact

This property located in NY received a loan of $100,000,000 over 3 years ago. The broker of the deal was Adi Chugh

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.

View Related

Deals
  • Location
    1228 Madison Avenue, New York, NY 10128, USA1228 Madison Avenue, New York, NY 10128, USA
  • Loan Value
    $100,000,000$100,000,000
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Adi Chugh

Adi Chugh

Deals14
Financed$1.2B

Madison Reality Capital

Madison Reality Capital

Lender
Deals75
Volume$ 277.8B

Social

Deal Summary

LOAN 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: $100,000,000

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

1228 Madison Avenue (@1228Madison)

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits