New East Village Apartments Get Permanent Financing
The new, boutique apartment building at 185 Avenue B has stabilized in Manhattan’s East Village. It has now received its $17 million permanent financing from Allianz Real Estate of America.
“Historically low interest rates appealed to the borrower to lock in long-term, fixed-rate financing,” said Steven Klein, managing director for Holliday Fenoglio Fowler (HFF), which arranged the 15-year loan.
Designed by Conrad Roncati’s Architectura, the seven-story building opened in 2016. Its one available listing at the building is a three-bedroom apartment for $3,450 a month.
The property has a “prime location in the heart of the East Village neighborhood…one of the most sought-after residential submarkets in Manhattan,” said Klein.