Kaufman Organization Lands $33M for Chelsea Property
Kaufman Organization has secured a $33 million refinancing for 111 West 19th St., an eight-story, 189,731-square-foot office and retail building in Chelsea, New York City. The financing was secured from Citigroup Inc.
A JLL debt advisory team led by Aaron Niedermayer represented the borrower. “The property stands out in the market as a destination for tenants seeking a superior quality building and the benefits of a dynamic Chelsea location,” said Niedermayer.
The property, owned by the Kaufman Organization for over 70 years, is currently occupied by various tenants, including Kleinfeld Bridal as the retail tenant.
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.