FINANCED
Black Spruce Management Acquires 761-Unit Multifamily Property In Murray Hill For $675M
626 1st Avenue - American Copper Buildings
MultiFamily
900,000 SF
900,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
900,000 sqft
The American Copper Buildings located at 626 1st Ave in Murray Hill have been involved in a recent closed transaction. The multifamily property spans approximately 900,000 square feet and consists of 761 units. The deal was facilitated by brokers Adam Spies, Gideon Gil, Zachary Kraft, and Lauren Kaufman from Cushman & Wakefield, representing the buyer, seller, landlord, or tenant.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $675,000,000
- Address: 626 1st Ave
- Market: Murray Hill
- Brokers: Adam Spies, Gideon Gil, Zachary Kraft, and Lauren Kaufman - Cushman & Wakefield
The acquisition loan for this transaction was provided by JP Morgan. The landlord in this deal is Black Spruce Management. The loan amount for the transaction was $675,000,000, and it is classified as an acquisition loan.
Players
All
7
Agents
4
Agencies
2
Lenders
1
Details
FINANCED
IMAGE: Adam Spies, Gideon Gil, Zachary Kraft & Lauren Kaufman
DATE: 03/01/2022
ADDRESS: 626 1st Ave - American Copper Buildings
MARKET: Murray Hill
ASSET TYPE: Multifamily ~ SF: 900,000 ~ UNITS: 761
LENDER: JP Morgan
LANDLORD: Black Spruce Management
BROKERS: Adam Spies, Gideon Gil, Zachary Kraft & Lauren Kaufman - Cushman & Wakefield (@CushWake)
LOAN AMOUNT: $675,000,000
LOAN TYPE: Acquisition LoanView on map
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Address626 1st Avenue - American Copper Buildings
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