NEW YORK CITY—The Chetrit Family and Stellar Management have obtained $550 million of fixed-rate financing for two Upper East Side apartment properties, Yorkshire Towers and Lexington Towers. Natixis Real Estate Capital LLC and UBS provided the financing, which was arranged by Cushman & Wakefield.
Yorkshire Towers, located at 305-315 E. 86th St., is a 692-unit, 21-story apartment building, built in 1964. The building spans the entire eastern block-front of Second Avenue between 86th and 87th streets. It is located at the entrance of the Second Avenue subway, which opened in January 2017.
Lexington Towers, with an address of 160 E. 88th St., is a 137-unit, 15-story apartment building, built in 1963. It sits on the southeast corner of East 88th Street and Lexington Avenue, three blocks from Central Park.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
