Friedman Management signed a $38.5M refi loan agreement with Sterling National for Manhattan holdings

Friedman Management through the entity 401/22 Realty LLC (and others) as borrower signed a refi loan agreement with lender Sterling National Bank valued at $38.5 million for six properties including portions of the 121-unit co-op (D4) at 50 East 8th Street in West Village, Manhattan, 57-unit rental (D6) at 401 West 22nd Street in Chelsea, Manhattan, and 48-unit rental (D3) at 404 East 75th Street in the Upper East Side, Manhattan.
The deal closed on March 10, 2021 and was recorded on April 26, 2021.
The six properties have 210,212 square feet of built space and 14,886 square feet of additional air rights for a total buildable of 199,774 square feet according to PincusCo analysis of city data, however the loan does not cover all the property as some units are co-ops.
The signatory for Friedman Management was Robert G. Friedman.

The owners according to the Department of Housing Preservation and Development include Vanessa Duno, head officer and Steven Greenbaum, officer. The business entity is Eighth Street Owners Corp.