FINANCED
HUBB NYC Acquires Multifamily Portfolio In Upper East Side & Upper West Side For $99.88M
182-188 Columbus Avenue, 464-466 Amsterdam, 200-210 West 83rd Street, 181-199 Columbus Avenue, 1582 First Avenue, 306 East 89th Street, 311 and 313 East 73rd Street, 322 East 61st Street, 452 East 78th Street, 510 East 88th Street, 514 East 88th Street & 518 East 88th Street
MultiFamily
174,118 SF
174,118 SF
Summary
Loan
NEW YORK
MultiFamily
174,118 sqft
The property involved in the transaction is located at 182-188 Columbus Avenue, 464-466 Amsterdam, 200-210 West 83rd Street, 181-199 Columbus Avenue, 1582 First Avenue, 306 East 89th Street, 311 and 313 East 73rd Street, 322 East 61st Street, 452 East 78th Street, 510 East 88th Street, 514 East 88th Street, and 518 East 88th Street. It is a multifamily asset with a total square footage of 174,118 and consists of 361 units. The property is situated in the Upper East Side and Upper West Side markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $99,880,000
- Lender: JP Morgan CTL
- Landlord: HUBB NYC
The loan for this transaction was provided by JP Morgan CTL. Cushman & Wakefield represented the buyer, seller, landlord, and tenant in the deal. The loan amount was $99,880,000, and it was an acquisition loan with a term of 10 years. The loan terms included a 10-year interest-only portfolio loan.
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Details
FINANCED
IMAGE: Adam Spies, Gideon Gil, Lauren Kaufman, Zachary Kraft & Sebastian Sanchez
DATE: 03/18/2022
ADDRESS: 182-188 Columbus Avenue, 464-466 Amsterdam, 200-210 West 83rd Street, 181-199 Columbus Avenue, 1582 First Avenue, 306 East 89th Street, 311 and 313 East 73rd Street, 322 East 61st Street, 452 East 78th Street, 510 East 88th Street, 514 East 88th Street & 518 East 88th Street
MARKET: Upper East Side & Upper West Side
ASSET TYPE: Multifamily ~ SF: 174,118 ~ UNITS: 361
LENDER: JP Morgan CTL
LANDLORD: HUBB NYC
BROKERS: Adam Spies, Gideon Gil, Lauren Kaufman, Zachary Kraft & Sebastian Sanchez - Cushman & Wakefield (@CushWake)
LOAN AMOUNT: $99,880,000
LOAN TYPE: Acquisition
LOAN TERMS: 10-Year, Interest Only Portfolio LoanView on map
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Address182-188 Columbus Avenue, 464-466 Amsterdam, 200-210 West 83rd Street, 181-199 Columbus Avenue, 1582 First Avenue, 306 East 89th Street, 311 and 313 East 73rd Street, 322 East 61st Street, 452 East 78th Street, 510 East 88th Street, 514 East 88th Street & 518 East 88th Street
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