150 W. 82nd St.
NEW YORK CITY—GreenOak Real Estate and Slate Property Group took out a $48.7 million loan to refinance the acquisition and redevelopment of 150 W. 82nd St. The residential building is on the Upper West Side, between Columbus and Amsterdam. Jones Lang LaSalle placed the loan with Apollo Global Management.
The 10-story building was originally constructed in 1926. A joint venture of Thor Equities and GreenOak purchased the 58-unit building in September 2014 for $41.5 million from Mann Realty Associates. In May 2017, GreenOak bought out Thor for approximately $60 million. The acquisition history was recorded in Real Capital Analytics.
With the refinancing, the owners are planning a condominium conversion of the property. The renovations will include a resident lounge, gym, private backyard, private roof deck, bike storage and private storage.
Aaron Appel, Keith Kurland, Adam Schwartz, Jonathan Schwartz, Michael Diaz and Patrick Heitmann led the JLL capital markets team handling the debt assignment.
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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.
