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New York & Tri-State  + Uptown/Bronx  + Finance  | 

38-Unit UWS Condo Project Secures Goldman Sachs Financing

Certes Partners, Metropolitan Acquisitions and United Management have secured $71.5 million in financing for the ground-up development of a residential tower at 212 W. 95th St. on Manhattan’s Upper West Side. Zevi Schwartz of Black Wolf Capital arranged the construction financing from Goldman Sachs.

Despite the 19-story condo project’s urban setting, “Our competitor is the suburbs,” said Certes Partners’ Sunder Jambunathan. “We have provided all of the amenities of suburban living” along with “the convenience of Manhattan living.” The development team consists of United Management principal Arthur Wiener, Meir Bouskila of Metropolitan Acquisitions and Certes principals Elan Hakimian, Eitan Bouskila and Jambunathan.

CetraRuddy has designed the 38-unit project in collaboration with RKTB Architects. Construction is scheduled to begin later this month, with completion expected in early 2020.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Jambunathan at Certes

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Development
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