Olnick Organization borrows $50M from First Republic Bank for multifamily property in the Upper West Side

November 25, 2019 4:08 am

Olnick Organization through the entity Roc-West 77th Street Associates, LLC as borrower signed a loan agreement with lender First Republic Bank valued at $50.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 127 residential units at 360 Amsterdam Avenue in the Upper West Side. The deal closed on November 18, 2019 and was recorded on November 22, 2019.
The property contains a total of 131,476 square feet of built space.
The average loan per unit is $393,701.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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