Lionheart Strategic Management Provides $75 Million Recapitalization Loan For 405 Main Street Multifamily

Traded

NEW YORK Asset Type: MultiFamily Price Per Square Foot: $338

Total Square Footage: 221669 SF Transaction Type: Loan

The asset involved in this transaction is a multifamily property located at 405 Main Street - Riverwalk Crossing in the Roosevelt Island market. This property encompasses 221,669 square feet and consists of 242 units. The loan amount secured for this asset is $75,000,000 for recapitalization purposes.

Summary of transaction details:

Property Type: Multifamily

Transaction Amount: $75,000,000

Address: 405 Main Street - Riverwalk Crossing

Market: Roosevelt Island

Asset Size: 221,669 SF

Units: 242

Lender: Lionheart Strategic Management

Landlord: Related Companies & Hudson Companies

Broker: Geoff Goldstein, Lauren Kaufman & Steven Binswanger -JLL

Loan Type: Recapitalization

The key individuals involved in this transaction include Geoff Goldstein, Lauren Kaufman, and Steven Binswanger, who represented the parties in the deal as brokers from JLL. The landlords for the property are Related Companies and Hudson Companies, both notable entities in the real estate sector.