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HKS Closes $30M Refi on Eight-Property Mixed-Use Portfolio
HKS Real Estate Advisors has closed a $30-million loan with Citi Group for the refinancing of a mixed-use eight-property portfolio across Manhattan and the Bronx. The transaction was brokered by Michael Lee, partner at HKS.
The portfolio comprises a total of 65,787 square feet, featuring 54 multifamily residential units and 17 commercial units. They include 425 and 543 E. 6th St., 73 Second Ave., 670 Ninth Ave., 49 W. 71st St., 151-165 E. Burnside Ave. in the Bronx, 289 E. 149th St. and 228 E. 51st St.
The commercial tenants in this portfolio include Mr. Green Laundry, Hunter Convenience Shop, Little Amber Nails and Spa, Monster Barber Shop and more than a dozen others.
- ◦Financing