JLL Arranges $104M Financing for Uptown Multifamily Portfolio
JLL Capital Markets arranged $104 million in refinancing for a 233-unit multifamily portfolio comprising Renoir House at 225 E. 63rd St. on Manhattan’s Upper East Side and 120-125 Riverside Dr. on the Upper West Side. Senior managing director Scott Aiese, managing directors Lauren Kaufman and Hall Oster and director Alex Staikos represented AYA New York in securing the financing through Citi.
The two-property portfolio encompasses approximately 185,177 rentable square feet across two of Manhattan’s most established residential neighborhoods. The properties were approximately 97% occupied at the time of financing underwriting and benefit from proximity to Central Park, Riverside Park, major transportation hubs and neighborhood amenities.
“This financing reflects continued lender confidence in well-located Manhattan multifamily assets and experienced sponsors with demonstrated operating expertise,” said Aiese. “AYA New York has made significant investments in both properties, and Citi’s financing will support the sponsor’s long-term ownership strategy and continued enhancement of the portfolio.”
Other News
Mayor Wu Proposes Inclusionary Zoning Changes to Ease Developers’ Financial Burden
Boston Mayor Michelle Wu on Tuesday announced proposed changes to Boston’s Inclusionary Zoning (IZ) and Linkage policies aimed at helping new housing and commercial development move forward amid challenging economic conditions. The changes are intended to help some residential developments move forward while continuing to raise revenue for city-supported affordable housing projects. The city is proposing...
Learn more
High Street, Mitsui Fudosan America Complete Scottsdale Luxury Apartment Project
High Street Residential and joint venture partner Mitsui Fudosan America have completed work on Montclair Scottsdale, a 215-unit luxury residential community in Scottsdale, Arizona. The project, first announced in January 2025, entailed transforming a vacant retail center into a new housing development. Situated on the border of Scottsdale and Paradise Valley, at 10050 N Scottsdale...
Learn more
Local Operator Buys Washington Seniors Housing Community
Coventry House, a 64-unit seniors housing community in Othello, WA, was acquired by a Washington-based owner-operator with more than 10 seniors housing communities in an all-cash deal. The price was not disclosed. Built in 2003, the 50,456 sf property sits on 3.85 acres at 430 N. Second Ave., near Othello Community Hospital, Lions Park and...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout