Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has secured a $32.1 million refinancing for a fully-leased retail condominium located at 200 West End Ave. on the Upper West Side. Working on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, HFF placed the 15-year, fixed-rate loan through MetLife. The HFF debt placement team representing the borrower was led by managing director Rob Rizzi and director Jennifer Keller.
200 West End Avenue, Upper West Side - Manhattan, NYThe retail condominium totals 25,446 s/f and is leased to four tenants – CVS Pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners. The property’s location on the southeast corner of West End Avenue and West 70th St. on the Upper West Side provides significant frontage, exposure and visibility along the Avenue.
“The 200 West End Ave. retail condo is strategically positioned in a densely populated neighborhood with significant demand for essential products and services,” said Keller. “This long term financing was locked in a historically low interest rate environment and is an ideal match for the property’s strong stable cash flow and limited rollover.”
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