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Debt & Equity

Parkland Group bags $32M refi’ on West End Avenue retail condo

Holliday Fenoglio Fowler (HFF) has secured a $32.1 million refinancing for a retail condo at 200 West End Avenue on the Upper West Side neighborhood.

The retail condo at 220 West End Avenue
The retail condo at 220 West End Avenue

Working on behalf of Gerald Brauser and Steven Brauser of The Parkland Group, HFF placed the 15-year, fixed-rate loan through MetLife.

The 25,446s/f condo is leased to four tenants – CVS Pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners.

The HFF debt placement team representing the borrower was led by managing director Rob Rizzi and director Jennifer Keller.

“The 200 West End Avenue retail condo is strategically positioned in a densely populated neighborhood with significant demand for essential products and services,” said Keller.

“This long term financing was locked in a historically low interest rate environment and is an ideal match for the property’s strong stable cash flow and limited rollover.”

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