HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
HFF has arranged an $86 million financing for The Lewis, a recently completed, 186-unit luxury apartment building in Manhattan’s Hudson Yards neighborhood. The company placed the floating-rate loan, used to refinance an existing construction mortgage, on behalf of a joint venture between Joy Construction, Maddd Equities and the family of the late Lewis Katz. KKR Real Estate Finance Trust Inc. served as the lender.
The Lewis, named after Katz, comprises studios, one- and two-bedroom units averaging 667 square feet. Amenities include Italian cabinetry, black Caesarstone countertops, glass-enclosed showers, soaking tubs, wide plank-oak hardwood floors, high ceilings, in-unit washers and dryers, and soundproof double pane windows with solar shades. Additionally, the property features a series of lifestyle amenities, such as:
- Concierge service
- State-of-the-art fitness center
- Resident lounge
- Ground-floor landscaped terrace
- Rooftop terrace with sunbeds, seating and dining area with grills
The property is located at 411 W. 35th St., at the junction of the Hudson Yards, Chelsea and Hell’s Kitchen neighborhoods. It is surrounded by various retailers, eateries, hotels, historical landmarks, as well as multiple subway and bus stations.
HFF’s brokerage team on the deal included Senior Managing Director Andrew Scandalios, Managing Director Steven Klein, Senior Director Geoff Goldstein and Director Rory Shepard.
Image via www.thelewisrentals.com