Signature Bank Lends $27M on Midtown South Apartments Refi
By Andrew Coen August 22, 2022 1:04 pm
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Stanley Wasserman‘s S.W. Management has sealed a $27 million debt package to refinance a multifamily asset in Manhattan’s Chelsea neighborhood, property records show.
Signature Bank supplied the loan, which refinances previous debt on the 76-unit property at 212 West 22nd Street, which dates back to 2003.
The six-story prewar rental building features a common roof deck and central laundry room. Monthly rents for one bedroom apartments at 212 West 22nd range from $1,650 to $3,525, according to brokerage firm Corcoran Group.
Representatives for S.W Management, which owns multifamily properties throughout New York City, did not immediately return a request for comment. Signature Bank declined to comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
