Atlantic Development Group obtained financing of $80M from Jones Lang LaSalle Multifamily

Atlantic Development Group through the entity West 61st Street Associates, LLC as borrower signed a loan agreement with lender Jones Lang Lasalle Multifamily, LLC valued at $80.0 million for 3 parcels, including the tax class commercial condominium unit (R5) and containing 212 residential units at 33 West End Avenue in Lincoln Square. The deal closed on August 22, 2019 and was recorded on September 03, 2019.
The property contains a total of 4,201 square feet of built space.
The average loan per unit is $377,358.

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