CSC nabs financing for another NYC conversion
CSC Real Estate has another Manhattan conversion in play, taking up the mantle from David Werner. The developer landed $108 million in construction financing for the office-to-residential project at 300 East 42nd Street, also referred to as 770 Second Avenue, the Commercial Observer reported. SCALE Lending, an arm of Slate Property Group, provided the debt at the Murray Hill property. Arrow Real Estate Advisors’ Morris Betesh, Morris Dabbah and Louis Halperin arranged the financing. CSC is planning to convert 12 of the building’s 18 floors into 140 residential units, 25 percent of which will be affordable and developed under the […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Weekend Recap: The Battle for Unique Inventory
Salvation or false hope? Article XI lures landlords
Inside rising townhouse prices across New York
City
NYC’s top deals: Bowery Grand Hotel sells for $8M
Two years later, Brandon Miller fallout ripples through real
estate
NY Dirt: Three takeaways from the Pacific Park MOU
Rabsky co-founders Simon Dushinsky and Isaac Rabinowitz
split. Sort of.
We Buy Houses Salisbury, NC: Top 5 Companies
We Buy Houses Muskogee, OK: Top 5 Companies
We Buy Houses Owasso: Top 5 Companies
