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Ashkenazy Acquisition Corp. has refinanced the retail condominium at The Chatham apartment tower on Manhattan's Upper East Side

Ashkenazy Refis Chatham Retail Condo on Upper East Side

Ashkenazy Acquisition Corporation, a private real estate investment firm, today announced a year-end refinancing of $20.6 million for the Chatham Retail Condo on Manhattan’s Upper East Side. The Chatham Retail Condo, a 25,673-square-foot Manhattan retail condo located on Third Avenue, received a 10-year, fixed-rate loan from the Bank of Montreal. T 

The loan was a refinancing of a maturing CMBS loan on the property and was brokered by Meridian Capital Group. This transaction was negotiated by Meridian senior managing director Ronnie Levine and SVP Ben Jacobs. The property is 100% leased and anchored by 1Life (One Med) and TD Bank. 

“We’re thrilled to work with the Bank of Montreal and Meridian Capital Group to refinance this property,” said Yehuda Sheinfeld, CFO of Ashkenazy Acquisition Corporation. “Our team is committed to investing in The Chatham for the long-term to support continued economic growth for years to come.” 

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Ashkenazy Acquisition Corp.Meridian Capital's Levine

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

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