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New York & Tri-State  + Midtown New York  + Retail  | 

Ariel Closes Sale of Hell’s Kitchen Mixed-Use Buildings 

Ariel Property Advisors has arranged $13.5 million in acquisition financing for three adjacent mixed-use buildings in Manhattan’s Hell’s Kitchen. The three buildings were 40% vacant at close with a five-year term at a fixed interest rate of 6.5%.  

Ariel’s team, led by Matthew Dzbanek, Matt Swerdlow, and Drew Chartash, arranged the transaction on behalf of the borrower. “Despite market uncertainty, our team closed this transaction 35 days from signing the term sheet,” said Dzbanek. “The transaction terms secured by Ariel prove the lender understood the value proposition of these three assets in what continues to be an ever-evolving market.”  

The buildings are located near Times Square, Bryant Park, and Hudson Yards, providing easy access to entertainment, retail, dining, and transportation options in one of Manhattan’s busiest neighborhoods. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition
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