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New York & Tri-State  + Downtown New York  + Finance  | 

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.

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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