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New York & Tri-State  + Uptown/Bronx  + Apartments  | 
Cushman & Wakefield arranged $99.8 million in acquisition financing for 181 CVolumbus Ave. and 10 other Northern Manhattan properties

CushWake Arranges $100M Financing on Uptown Portfolio 

Cushman & Wakefield advised HUBBNYC in procuring $99,880,000 in acquisition financing for a multifamily portfolio consisting of 11 properties across the Upper East and Upper West Sides.  The 10-year loan was provided by JP Morgan’s balance sheet program. 

A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil, Lauren Kaufman, Zachary Kraft and Sebastian Sanchez represented the borrower.  The firm’s Adam Spies, Doug Harmon and Adam Doneger arranged the sale. 

“We are thrilled to have represented the HUBBNYC Team in procuring a long-term, interest-only portfolio loan from JP Morgan’s balance sheet program for their recent multifamily acquisition,” said Gil. 

The portfolio totals 361 units. It includes 182-188 and 181-199 Columbus Ave., 464-466 Amsterdam, 200-210 W. 83rd St., 1582 First Ave., 306 E. 89th St., 311 and 313 E. 73rd St., 322 E. 61st St., 452 E 78th St. and, 510, 514 and 518 E. 88th St. 

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Inside The Story

Cushman & Wakefield's Gil

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).

  • ◦Sale/Acquisition
  • ◦Financing
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