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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN COMPANY ARRANGES FINANCING FOR UPPER WEST SIDE WAREHOUSE TO BE REDEVELOPED AS LUXURY RESIDENTIAL CONDOMINIUM |
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Monday, December 17, 2001
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New York, NY
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Sonnenblick- Goldman Company, acting as exclusive advisor to The Athena Group, has arranged the $44.25 million acquisition and construction financing for a 12-story luxury residential redevelopment on the Upper West Side of Manhattan. A domestic commercial bank provided the loan. The Athena Group recently completed the highly successful conversion and residential sell-out of 838 Fifth Avenue in New York.
The property is currently a warehouse property situated on a through-block site between 64th and 65th Streets and Broadway and Central Park West. The planned renovation will add four floors and an atrium to the existing structure, and the project, when completed, will contain approximately 88,000 square feet of residential space and approximately 12,000 square feet of restaurant retail space.
“The lending community quickly recognized the exceptional appeal of the project, which is just steps away from Lincoln Center and Central Park. Its prime location, loft-style layouts and ceiling heights will make Liberty Lofts the ‘talk of the town,’ ” says Steven A. Kohn, president of Sonnenblick-Goldman Company. |
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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