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New York & Tri-State  + Uptown/Bronx  + Opportunity Zones  | 

NKF’s Stolly and Roeschlaub Arrange Debt on Inwood O-Zone

NKF’s Dustin Stolly and Jordan Roeschlaub arranged a $44-million floating-rate loan for Arden Group to acquire 4650 Broadway, a development site in Northern Manhattan’s Inwood neighborhood. Stolly and Roeschlaub’s team included Nick Scribani, Chris Kramer, Seth Hall, and Ryan Flannery. The loan was provided by SCALE Lending, the lending arm of Martin Nussbaum’s and David Schwartz’s Slate Property Group.

4650 Broadway is a 47,350-square-foot site facing Fort Tryon Park located within an Opportunity Zone. The contemplated development will feature more than 300,000 square feet of both market-rate and affordable apartments, above- and below-grade retail and community facility space.

“Arden Group has identified a compelling development opportunity that is within a growing submarket in Manhattan, and has secured the site at an attractive basis,” said Stolly. Roeschlaub cited Inwood’s “ample light and air, access to abundant area amenities and convenient transportation options.”

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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 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).

  • ◦Financing
  • ◦Development