The property benefits from a prominent Upper West Side location and a diversified tenant base spanning retail and medical office uses. At the time of financing, the asset was fully leased and located within close proximity to both Columbia University and Mount Sinai Morningside Hospital. Additional transaction highlights include:
- 100% leased
- Two blocks from Mount Sinai Morningside Hospital
- Two blocks from Columbia University
This transaction highlights Tremont's ability to finance high-quality urban mixed-use assets supported by strong location fundamentals and stable occupancy. The financing provided the sponsor with a flexible refinancing solution secured by a well-positioned Manhattan property.
The transaction was brokered by Meridian Capital Group, reflecting Tremont's continued relationships with leading New York City capital markets professionals.