Ackerman and Sonnenschein of Meridian Arrange $104
Ackerman and Sonnenschein of Meridian arrange $104 million financing; Levine & Berkes of Meridian handle $37 million: loan placed by Mesa West July 05, 2016 - Front Section Shaya Ackerman, Meridian Capital GroupShaya Sonnenschein, Meridian Capital GroupRonnie Levine, Meridian Capital Group Manhattan, NY Meridian Capital Group arranged $104 million in acquisition financing for the purchase of The Hamilton multifamily property located at 1735 York Ave. on the Upper East Side on behalf of Bonjour Capital. The seven-year loan, provided by a balance sheet lender, features a competitive fixed rate of 3.625% and three years of interest-only payments. This transaction was negotiated by Meridian managing director, Shaya Ackerman, and senior vice president, Shaya Sonnenschein. The Hamilton, 1735 York Avenue - Manhattan, NY The 38-story property totals 265 units and is located at 1735 York Avenue, on the northwest corner of East 90th Street, across the street from the Asphalt Green sports facility and along the East River Esplanade. Apartments feature granite kitchens, marble bathrooms and individually controlled air conditioning in each room. Building features include an elegant lobby with a 24-hour uniformed doorman, attended service entrance, state-of-the-art fitness center, locker rooms and saunas, landscaped roof deck, a children’s playroom, furnished lounge with kitchen, billiards lounge, fully-equipped air-conditioned laundry facility, attached 24-hour garage, building-wide water filtration and complimentary shuttlebus service to the subway and shopping. Residents enjoy close proximity to the 4 and 6 subway lines and the property’s location affords quick access to leading epicurean establishments, exclusive private and public schools, notable global cultural institutions including the Metropolitan Museum of Art and the Guggenheim museum as well as Carl Schurz Park, Central Park and the shopping mecca of Madison Avenue.
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