Natixis Furnishes $260M Loan to Refi Upper West Side Rentals
Natixis Corporate & Investment Banking originated a $260-million, floating-rate financing to a joint venture between a global investment firm and Gotham Organization to refinance AIRE, a 43-story multifamily rental building located at 200 W. 67th St. on Manhattan’s Upper West Side. Lawrence Britvan and Michael Straw from CBRE’s New York City office arranged the financing.
Delivered in early 2010, AIRE features condo-quality finishes and an extensive amenity package. Since acquiring the property in early 2024, Gotham has worked with Handel Architects to deliver newly renovated residences and modernize amenities and common spaces, including the fitness center and the creation of a new fourth-floor terrace with a firepit, grills and a bar.
“Gotham has transformed AIRE and repositioned the property through substantial, design-forward upgrades and the introduction of our renowned hospitality and resident experiences,” said Nicole Picket, VP at Gotham Organization. “Securing this $260-million refinancing underscores continued confidence in AIRE’s revitalized position.”
Attend Connect Southeast Multifamily on December 4th in Key Biscayne when the market experts share the playbook for where capital is moving next, and how the region’s power players are positioning themselves to stay ahead of the national curve. Be there to explore the opportunities, challenges, trends, and the future outlook for the multifamily landscape throughout Florida and the Southeast. www.ConnectSEMF2025.com
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout