Black Spruce Management Acquires 761-Unit Multifamily Property In Murray Hill For $675M
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This MultiFamily property located in NY received a loan of $675,000,000 about 2 years ago. The brokers of the deal were Zachary (Zach) Kraft, Gideon Gil, Adam Spies, and Lauren Kaufman
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- LocationAmerican Copper Buildings, 626 1st Ave, New York City, New York 10016, United States
- Loan Value$675,000,000
- Asset TypeMultiFamily
- Parties4 Brokers, 2 Agencies, 1 Lender
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Deal Summary
LOAN
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 Loan
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626 1st Avenue - American Copper Buildings
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