Real Estate Weekly
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Debt & Equity

Goldman Sachs funds luxury Upper West Side development

Certes Partners, Metropolitan Acquisitions and United Management announced that they have secured $71.5 million in financing for the development of 212 West 95th Street, a 19-story ground-up residential condo development with 38 residences, parking, retail and amenities.

CetraRuddy has designed the project in collaboration with RKTB Architects. Reuveni Real Estate will be responsible for the exclusive sales and marketing of the residences. Construction is scheduled to begin this month, with completion expected in early 2020.

Financing was arranged by Zevi Schwartz of Black Wolf Capital. The development team consists of United Management principal Arthur Wiener, Meir Bouskila of Metropolitan Acquisitions, and Certes Partners principals Elan Hakimian, Eitan Bouskila and Sunder Jambunathan.

“We don’t compete with other projects. Our competitor is the suburbs,” said Certes Partner’s co-founder Sunder Jambunathan. “We have worked hard to create a residence which compels people and families to stay in the city, and which attracts empty nesters to return. To that end we have provided all of the amenities of suburban living — private parking, beautiful landscaped outdoor spaces, indoor and outdoor children’s play areas, storage, and much more — all combined with the convenience of Manhattan living.”

The property is located within two blocks of Central Park, adjacent to top schools such as the Trinity, and near Whole Foods and the new Trader Joe’s opening soon. It is walking distance to the Museum of Natural History, the New York Historical Society, Lincoln Center and the Julliard School, and has easy access subway lines.

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